A Regression Equation Is Found That Predicts the Increased Cost

question 121

Multiple Choice

A regression equation is found that predicts the increased cost of a home owner's electricity bill Given the number of holiday lights they put on the outside of their house. The equation is dollars =2.5 + 0.02(light) . If a house has 400 lights and a $15 increase in their electricity cost, find their residual.

• A) $20
• B) $5
• C) -$15
• D) $15
• E) -$5

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Definitions:

Informational

Pertaining to the dissemination, processing, or provision of data or facts.

Decisional

Relating to the process of making choices or decisions, often in a business or organizational context.

Human Roles

The functions or parts played by individuals in a specific context, especially in an organizational or societal structure.

Henry Mintzberg

A renowned academic and author known for his work on business and management structures, strategy, and organizational effectiveness.