Multiple Choice
Derek is studying the relation between the selling price of a house (in dollars) (Y) and the age of the house (in years) (X) . It is shown that rXY = - 0.2, = 40, = 460,000. If Derek's own house was constructed 50 years ago, then the predicted selling price of his house based on simple linear regression would be
A) more than 460,000 dollars.
B) less than 460,000 dollars.
C) exactly 460,000 dollars.
D) impossible to be determined based on the information given.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: In simple linear regression, the assumption of
Q21: You are given the following pairs
Q22: If the homogeneity assumption is violated, the
Q23: Dr. Watt is studying the relation between
Q24: If the slope of the estimated regression
Q26: The regression line for predicting college GPA
Q27: Sarah collected the data on heights and
Q28: Which assumption(s) involved in simple linear regression
Q29: In simple linear regression, if r<sub>XY</sub> =
Q30: The standardized regression slope (