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The Following Table Exhibits the Age of Antique Furniture and the Corresponding

Question 18

Multiple Choice

The following table exhibits the age of antique furniture and the corresponding prices.Use the table to answer the following question(s) .(Hint: Use scatter diagram and the Excel Trendline tool where necessary) .
 Number  of years  Value ($) 7893091101083970159195013416102102880889801782010124137072900\begin{array} { | r | r | } \hline \begin{array} { l } \text { Number } \\\text { of years }\end{array} & \begin{array} { l } \text { Value } \\( \$ ) \end{array} \\\hline 78 & 930 \\\hline 91 & 1010 \\\hline 83 & 970 \\\hline 159 & 1950 \\\hline 134 & 1610 \\\hline 210 & 2880 \\\hline 88 & 980 \\\hline 178 & 2010 \\\hline 124 & 1370 \\\hline 72 & 900 \\\hline\end{array}
-For an independent variable Y, the error associated with the iᵗʰ observation is:


A) eᵢ = Yᵢ - Ŷᵢ

B) Yᵢ = (eᵢ) ² - Ŷᵢ

C) (Ŷᵢ) ² eᵢ = Yᵢ

D) eᵢ = (Yᵢ + Ŷᵢ) ²

Correct Answer:

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