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Economist Joshua Grant Is Using Linear Regression to Try to Establish

Question 12

Multiple Choice

Economist Joshua Grant is using linear regression to try to establish a link between the unemployment rate (x) and monthly home sales in the region (y) .The following data are available: Economist Joshua Grant is using linear regression to try to establish a link between the unemployment rate (x)  and monthly home sales in the region (y) .The following data are available:   The slope term (b)  in the estimated regression equation turns out to be -8.The intercept term (a)  is 237.Explained variation (SSR)  here would be _______. A) 560 B) 920 C) 1130 D) 1280 E) 840 The slope term (b) in the estimated regression equation turns out to be -8.The intercept term (a) is 237.Explained variation (SSR) here would be _______.


A) 560
B) 920
C) 1130
D) 1280
E) 840

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