Multiple Choice
Use the following to answer questions :
The following table lists the ages (in years) and the prices (in thousands of dollars) by a sample of six houses.
-Suppose we have information on the ages (in years) and the prices of a sample of houses.In the regression of price on age for these data,the value of b will represent:
A) the point where this regression line will intersect the y-axis
B) the point where this regression line will intersect the x-axis
C) an decrease in the age of a house due to a $1,000 increase in its price
D) an decrease in the price of a house due to a one year increase in its age
Correct Answer:

Verified
Correct Answer:
Verified
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