Identify the Components of Simple Linear Regression Models and Discuss

question 22

Multiple Choice

Identify the components of simple linear regression models and discuss their applications Use the data given below to answer the following question(s) .
Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as Ŷ = b0 + b1X. (Hint: Use Excel functions) . $$\begin{array} { | l | l | } \hline\begin{array} { l } \text { Height } \\\text { (ft) }\end{array} & \text { Cost (\$) } \\\hline 4 & 670 \\\hline 3 & 430 \\\hline 7 & 810 \\\hline 9 & 1100 \\\hline 6 & 790 \\\hline 8 & 880 \\\hline 5 & 760 \\\hline 11 & 1200 \\\hline\end{array}$$
-Which of the following generates a scatter chart in Excel with the values predicted by the regression model included?

• A) Trendline
• B) Residual Plots
• C) R Square
• D) Line Fit Plots

Identify the legal responsibility of parties in bailment relationships and the impact of liability limitations.

Comprehend the mechanisms through which title to property is transferred.

Differentiate between real and personal property and understand the implications of each for ownership and transfer.

Understand the concepts and types of property, including the distinctions between real and personal property.