Multiple Choice
A manager wants to predict the cost (y) of travel for salespeople based on the number of days (x) spent on each sales trip.The following model has been developed: y = $400 + 120x.If a trip took 4 days,the predicted cost of the trip is _____________.
A) 480
B) 880
C) 524
D) 2080
E) 1080
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Regression methods can be pursued to estimate
Q38: In simple regression analysis the error terms
Q52: A t-test is used to determine whether
Q69: A researcher has developed a regression
Q74: Regression output from Excel software directly shows
Q75: The following data is to be used
Q76: The slope of the regression line,y =
Q76: In regression analysis, R-squared is also called
Q80: Regression output from Minitab software includes an
Q91: Regression output from Excel software includes an