given that total spending for a certain household will always include a base amount of $1000/month, and that…

given that total spending for a certain household will always include a base amount of $1000/month, and that additional spending is equal to half of any income earned, we can predict total household spending with a model y = b+mx, where select one: a. x represents total spending. b. b represents total spending. c. m represents total spending. d. y represents total spending.

given that total spending for a certain household will always include a base amount of $1000/month, and that additional spending is equal to half of any income earned, we can predict total household spending with a model y = b+mx, where select one: a. x represents total spending. b. b represents total spending. c. m represents total spending. d. y represents total spending.

Answer

Brief Explanations:

In the linear - equation model (y = b+mx), (y) is the dependent variable. Here, total household spending depends on income. The base amount (b = 1000) (a constant), (m=\frac{1}{2}) (the rate of additional spending with respect to income), and (x) is the income (the independent variable). So, (y) represents total spending.

Answer:

d. y represents total spending.