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A Local Tire Dealer Wants to Predict the Number of Tires

Question 174

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.
x\sum x = 24 X2\sum X ^ { 2 } =124 Y\sum Y =42 Y2\sum Y ^ { 2 } =338 XY\sum X Y =196
-What is the degrees of freedom value associated with the error sum of squares,or unexplained variation?


A) 1
B) 2
C) 3
D) 4
E) 5

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