How do you interpret the estimated coefficient for the y-intercept (?)?

Repo Show more Estimate a simple regression for the following equation Food Expi = a +b Incomei + ei i =1235 Report the estimated coefficients their standard errors the t-statistics p-values and R^2 in a neatly designed table (not just the standard output from Excel). 1) How do you interpret the estimated coefficient for the y-intercept (?)? What are its units of measure? 2) How do you interpret the estimated coefficient for the slope of the regression line (b^)? What are its units of measure? 3) Generate an x-y scatterplot with income on the horizontal axis and food expenditure on the vertical axis and superimpose the estimate regression line. Please label everything clearly so I can understand easier if possible. I really am not sure what to do and any help is much appreciated. Show less

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