A Regression and Correlation Analysis Resulted in the Following Information

question 121

Multiple Choice

A regression and correlation analysis resulted in the following information regarding a dependent variable (y) and an independent variable (x) . ​ The least squares estimate of the intercept or b₀ equals

• A) .923.
• B) 1.991.
• C) -1.991.
• D) -.923.

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Definitions:

Monthly Payments

Regular payments made once a month, typically used in contexts such as loans, mortgages, and subscription services.

Compounded Annually

The calculation of interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Yearly Contributions

The total amount of money added to a fund or investment over the course of a year.

Rate of Interest

The percentage of a sum of money charged for its use, often expressed annually.