Which of the Following Is False

question 1

Multiple Choice

Which of the following is false?

• A)Expressed warranties are better than implied warranties.
• B)Warranties only serve to protect manufacturers.
• C)Warranties protect consumers.
• D)Consumers have to do things such as mail in the registration card or the warranty may be invalid.

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Definitions:

Simple Linear Regression

A method in statistics that models the relationship between two variables by fitting a linear equation to the observed data.

Least-squares Regression Line

A straight line that best models the relationship between a dependent and independent variable by minimizing the sum of the squares of the vertical distances of the points from the line.

MPG

Miles Per Gallon, a measure of fuel efficiency used in the United States to indicate how many miles a vehicle can travel per gallon of fuel.

Linear Model

A mathematical model that assumes a linear relationship between the input variables (x) and a single output variable (y), where y can be calculated from a linear combination of the input variables.