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Author Question: A random sample of 30 couples who were also new home owners were asked to report the cost of their ... (Read 57 times)

panfilo

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on: Apr 14, 2020
A random sample of 30 couples who were also new home owners were asked to report the cost of their first house and their combined age when they married. The output of a regression analysis for predicting home cost from combined age is shown. Assume that the conditions of the linear regression model are satisfied.


What is the slope of the regression line? Choose the statement that is the correct interpretation of the slope in context.
◦ The slope is 2122.75. On average, for each additional $2,122.75 in home cost, the combined age is about 1 year higher, in the sample.
◦ The slope is 2122.75. On average, for each additional year in combined age, home cost is about $2,122.75 higher, in the sample.
◦ The slope is 73.74. On average, for couples with a combined age over 73.74, the home cost is an additional $2,122.75 per year over 73.74.
◦ The slope is 73.74. On average, for each additional year in combined age, the home cost is about $2,122.75 higher, in the sample.
Introductory Statistics: Exploring the World Through Data ¦ Gould, Ryan ¦ 2nd Edition
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Marked as best answer by panfilo on Apr 14, 2020

Awesome

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Reply #1 on: Apr 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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panfilo

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Reply 2 on: Apr 14, 2020
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Excellent

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