After a Transformation of the Y-Variable Values into Log Y

question 74

Multiple Choice

After a transformation of the y-variable values into log y, and performing a regression analysis produced the following tables. $$\begin{array} { | c | c | c | c | c | } \hline & \text { Coefficients } & \text { Stardard Error } & t \text { Statistic } & p \text {-value } \\\hline \text { Iritercept } & 2.005349 & 0.097351 & 20.59923 & 4.81 \mathrm { E } - 18 \\\hline \boldsymbol { x } & 0.027126 & 0.009518 & \mathbf { 2 . 8 4 9 8 4 3 } & \mathbf { 0 . 0 0 8 2 7 5 } \\\hline\end{array}$$ $$\begin{array} { | c | c | c | c | c | c | } \hline & \mathrm { df } & \text { SS } & \text { MS } & F & p \text {-value } \\\hline \text { Regression } & 1 & 0.196642 & 0.196642 & 8.121607 & 0.008447 \\\hline \text { Residual } & 26 & 0.629517 & 0.024212 & & \\\hline \text { Total } & 27 & 0.826159 & & & \\\hline\end{array}$$ For x₁= 10, the predicted value of y is ____________.

• A)155.79
• B)1.25
• C)2.42
• D)189.06
• E)18.90

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Definitions:

Supply Unchanged

A situation in which the quantity of a good or service available in the market does not increase or decrease over a period.

Quantity Supplied

The volume of a good or service that manufacturers are prepared and able to offer for sale at an established price within a given interval.

Quantity Demanded

The aggregate quantity of a product or service that buyers intend to buy at a specific price point within a certain timeframe.

Product Decreases

Situations where the output of goods or services declines due to various factors like reduced demand, inefficiency, or resource limitations.