Multiple Choice
Use the following to answer the question(s) below.
Weekly commodity prices for heating oil (in cents) were obtained and regressed against time. Below is the regression output and residual plots from fitting a linear model.
-Which of the following statements is true?
A) The t-test for the regression slope indicates that it is significantly different from zero.
B) The model explains 71.9% of the variability in heating oil prices.
C) The linear model is appropriate.
D) The t-test for the regression slope indicates that it is significantly different from zero and the model explains 71.9% of the variability in heating oil prices.
E) All of the statements given are true.
Correct Answer:

Verified
Correct Answer:
Verified
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