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A Multiple Regression Was Conducted to Predict the Price of Yachts

Question 50

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A multiple regression was conducted to predict the price of yachts in thousands of dollars.A dummy variable was included to indicate whether or not the yacht has a flying bridge,where 0 means "no" and 1 means "yes." A multiple regression was conducted to predict the price of yachts in thousands of dollars.A dummy variable was included to indicate whether or not the yacht has a flying bridge,where 0 means  no  and 1 means  yes.    Which of the following statements is correct using the 0.10 level of significance? A) Having a flying bridge significantly increases the price of a yacht by an average of $17.7,given the other variables present. B) Having a flying bridge significantly increases the price of a yacht by an average of $17,708,given the other variables present. C) We can tell that 17 out of 20 yachts have a flying bridge. D) Whether or not the yacht has a flying bridge does not significantly affect the price of a yacht,given the other variables present. Which of the following statements is correct using the 0.10 level of significance?


A) Having a flying bridge significantly increases the price of a yacht by an average of $17.7,given the other variables present.
B) Having a flying bridge significantly increases the price of a yacht by an average of $17,708,given the other variables present.
C) We can tell that 17 out of 20 yachts have a flying bridge.
D) Whether or not the yacht has a flying bridge does not significantly affect the price of a yacht,given the other variables present.

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