Multiple Choice
A local tire dealer wants to predict the number of tires sold each month. The dealer believes that the number of tires sold is a linear function of the amount of money invested in advertising. The dealer randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) . Based on the data set with 6 observations, the simple linear regression model yielded the following results.
= 24 =124 =42 =338 =196
-What is the value of the total sum of squares,or total variation?
A) 24
B) 28
C) 44
D) 16
E) 6
Correct Answer:

Verified
Correct Answer:
Verified
Q86: Consider the following annual sales data
Q154: If one of the assumptions of the
Q155: A simple linear regression analysis based
Q156: An experiment was performed on a
Q156: An experiment was performed on a
Q157: If r = -1,then we can conclude
Q159: The least-squares point estimates of the simple
Q160: The sample correlation coefficient may assume any
Q162: Provide an interpretation of the slope estimate.
Q163: Test to determine if there is