A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: ! = 50,000 - 8X The above equation implies that an ________

Related MCQs

• Regression analysis was applied to return rates of sparrowhawk colonies. Regression analysis was used to study the relationship between return rate (x: % of birds that return to the colony in a given year) and immigration rate (y: % of new adults that join the colony per year). The following regression equation was obtained) ! = 31.9 – 0.34x Based on the above estimated regression equation, if the return rate were to decrease by 10% the rate of immigration to the colony would________________
• The relationship between number of beers consumed (x) and blood alcohol content (y) was studied in 16 male college students by using least squares regression. The following regression equation was obtained from this study: != -0.0127 + 0.0180x The above equation implies that__________
• Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained) ! = 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $30,000, then what will be the predicted difference in their sales? __________
• The data are the same as for question 4 above. The relationship between number of beers consumed (x) and blood alcohol content (y) was studied in 16 male college students by using least squares regression. The following regression equation was obtained from this study: != -0.0127 + 0.0180x Suppose that the legal limit to drive is a blood alcohol content of 0.08. If Ricky consumed 5 beers the model would predict that he would be____________
• In a regression and correlation analysis if r 2 = 1, then ___________
• Suppose that you have carried out a regression analysis where the total variance in the response is 133452 and the correlation coefficient was 0.85. The residual sums of squares is____________
• In a regression analysis if SSE = 200 and SSR = 300, then the coefficient of determination is ___________
• In regression, the equation that describes how the response variable (y) is related to the explanatory variable (x) is___________
• Regression modeling is a statistical framework for developing a mathematical equation that describes how __________
• In regression analysis, the variable that is being predicted is the __________