Multiple Choice
Exhibit 17.5.An over-the-counter drug manufacturer wants to examine the effectiveness of a new drug in curing an illness most commonly in older patients.Thirteen patients are given the new drug and 13 patients are given the old drug.To avoid bias in the experiment,they are not told which drug is given to them.To check how the effectiveness depends on the age of patients,the following data has been collected. Assuming the variables: Effectiveness = the response variable measured on a scale from 0 to 100,
Age = the age of a patient (in years) ,
Drug = a binary variable with 1 for the new drug,and 0 for the old drug,the regression model,
Effectiveness = β0 + β1Age + β2Drug + β3Age × Drug,is considered,and the following Excel results are available:
Refer to Exhibit 17.5.Which of the following is true?
A) The predicted effectiveness of the new drug is not higher for any age.
B) The predicted effectiveness of the new drug is only higher for young patients.
C) The predicted effectiveness of the new drug is only higher for old patients.
D) The predicted effectiveness of the new drug is higher for any age.
Correct Answer:

Verified
Correct Answer:
Verified
Q35: Exhibit 17.8.A realtor wants to predict and
Q36: Exhibit 17.7.To examine the differences between salaries
Q38: Exhibit 17.9.A bank manager is interested in
Q42: Consider the regression equation <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2339/.jpg" alt="Consider
Q43: Exhibit 17.8.A realtor wants to predict and
Q43: Exhibit 17.8.A realtor wants to predict and
Q44: Exhibit 17.9.A bank manager is interested in
Q45: Exhibit 17.3.Consider the regression model, Humidity =
Q74: If the number of dummy variables representing
Q110: The major advantage of a logistic model