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Which of the following is the best interpretation for the value 0.1126 in the computer
Chapter 12, Problem 22(choose chapter or problem)
Which of the following is the best interpretation for the value 0.1126 in the computer output? (a) For each increase of $1000 in appraised value, the average selling price increases by about 0.1126. (b) When using this model to predict selling price, the predictions will typically be off by about 0.1126. (c) 11.26% of the variation in selling price is accounted for by the linear relationship between selling price and appraised value. (d) There is a weak, positive linear relationship between selling price and appraised value. (e) In repeated samples of size 16, the sample slope will typically vary from the population slope by about 0.1126. 2
Questions & Answers
QUESTION:
Which of the following is the best interpretation for the value 0.1126 in the computer output? (a) For each increase of $1000 in appraised value, the average selling price increases by about 0.1126. (b) When using this model to predict selling price, the predictions will typically be off by about 0.1126. (c) 11.26% of the variation in selling price is accounted for by the linear relationship between selling price and appraised value. (d) There is a weak, positive linear relationship between selling price and appraised value. (e) In repeated samples of size 16, the sample slope will typically vary from the population slope by about 0.1126. 2
ANSWER:Step 1 of 2
The standard error is given as
