Dummy variables and autocorrelation. refer to the savings–income regression discussed in chapter 9. using the data given in tabl
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Although the information has been presented in a baffling way in this question, but I think I understood the expressions.
We have been given that price of monster truck is x dollars and there is an 13% monster truck tax.
We can express the monster truck tax amount as.
Therefore, the total amount including tax will be .
We can now match each statement with its equivalent expression as shown below
The price of Camacho’s new truck before tax = x
The amount of tax Camacho pays = 0.13x
Camacho’s total bill for the monster truck = 1.13x
None of these = 0.87x