The Following Computer Printout Estimated Overhead Costs Using Linear Regression

question 14

Multiple Choice

The following computer printout estimated overhead costs using linear regression: $\begin{array}{lcccc} &&\text { t for H(0) }&&\text {Std. error}\\\text {Parameter}&\text { Estimate } &\text { Parameter }=0 & \text { P r}>t & \text { of parameter }\\\hline\text { Intercept}& 100.41 & 4.81 & 0.0003 & 20.88 \\\text { DLH } & 14.05 & 6.78 & 0.0001 & 2.07\end{array}$


$\begin{array}{lc}\text { R Square }\left(\mathrm{R}^{2}\right) & 0.80 \\\text { Standard Error }\left(\mathrm{S}_{\mathrm{e}}\right) & 25.03 \\\text { Observations } & 17\end{array}$ Table of Selected Values: t Distribution $$\begin{array} { c c c c } \text { Degrees of Freedom } & 90 \% & 95 \% & 99 \% \\15 & 1.753 & 2.131 & 2.947 \\16 & 1.746 & 2.120 & 2.921 \\17 & 1.740 & 2.110 & 2.898 \\18 & 1.734 & 2.101 & 2.878 \\19 & 1.729 & 2.093 & 2.861\end{array}$$ What is the interval around Y if 95 percent confidence is desired?

• A)Y ± 20.024
• B)Y ± 43.87759
• C)Y ± 52.8133
• D)Y ± 53.33893

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Definitions:

Guilt by Association

The concept of assigning blame to an individual based on their associations or relationships rather than direct evidence of wrongdoing.

Begging the Question

A logical fallacy where the argument assumes the truth of the conclusion rather than providing evidence for it.

Argumentum Ad Populum

is a fallacy that concludes a proposition is true because many or most people believe it.

Bandwagon Fallacy

A logical fallacy where one assumes something is true or right because it is popular or because others are doing it.