SCENARIO 14-6 One of the Most Common Questions of Prospective

Multiple Choice

SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit and the amount of insulation in inches Given below is EXCEL output of the regression model.
-Referring to Scenario 14-6, what can we say about the regression model?

A) The model explains 17.12% of the variability of heating costs; after correcting for the degrees of freedom, the model explains 27.78% of the sample variability of heating
Costs.
B) The model explains 19.28% of the variability of heating costs; after correcting for the degrees of freedom, the model explains 27.78% of the sample variability of heating
Costs.
C) The model explains 27.78% of the variability of heating costs; after correcting for the degrees of freedom, the model explains 19.28% of the sample variability of heating
Costs.
D) The model explains 19.28% of the variability of heating costs; after correcting for the degrees of freedom, the model explains 17.12% of the sample variability of heating
Costs.