For the Least-Squares Equation = 3,698 + 2,538X,Y Represents

question 71

Multiple Choice

For the least-squares equation = 3,698 + 2,538X,Y represents house prices and X represents number of rooms.Which of the following statements is true?

• A)Only 36.98% of the variation in house prices can be explained by the number of rooms in the house.
• B)For every additional room that is added in a house,house prices increase by $2,538.
• C)As the number of rooms in the house increase,prices fall by $3,698.
• D)25.38% of the house price is attributed to the number of rooms.

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Definitions:

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