Solved

Use the Following to Answer Questions

Question 29

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.
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
-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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions