Identify the Components of Simple Linear Regression Models and Discuss

question 3

Multiple Choice

Identify the components of simple linear regression models and discuss their applications
The following table exhibits the age of antique furniture and the corresponding prices. Use the table to answer the following question(s) . (Hint: Use scatter diagram and the Excel Trendline tool where necessary) . $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number } \\\text { of years }\end{array} & \begin{array} { l } \text { Value } \\\text { (\$) }\end{array} \\\hline 78 & 930 \\\hline 91 & 1010 \\\hline 83 & 970 \\\hline 159 & 1950 \\\hline 134 & 1610 \\\hline 210 & 2880 \\\hline 88 & 980 \\\hline 178 & 2010 \\\hline 124 & 1370 \\\hline 72 & 900 \\\hline\end{array}$$
-What is the relationship between the age of the furniture and their values?

• A) Nonlinear
• B) Linear
• C) Curvilinear
• D) No relationship

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Definitions:

Soapberry Bug

A species of beetle that has been widely studied as an example of rapid evolutionary change in response to changes in its environment, specifically in the types of plants it feeds on.

Beaks

The hard, external, projecting jaws of birds, made of keratin, that are adapted to their feeding habits.

Vertically Transmitted Endosymbionts

Microorganisms that are passed from parent organisms to their offspring through the germline, often providing mutual benefits.

Genomes

The complete set of genetic material in an organism, including all of its genes and noncoding DNA sequences.