Identify the Components of Simple Linear Regression Models and Discuss

question 10

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) . $$\begin{array} { | l | l | } \hline\begin{array} { l } \text { Height } \\\text { (ft) }\end{array} & \text { Cost (\$) } \\\hline 4 & 670 \\\hline 3 & 430 \\\hline 7 & 810 \\\hline 9 & 1100 \\\hline 6 & 790 \\\hline 8 & 880 \\\hline 5 & 760 \\\hline 11 & 1200 \\\hline\end{array}$$
-What is the value of the coefficient b0?

• A) -2.25321
• B) 0.010697
• C) 254.8371
• D) 86.81704

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Definitions:

Panic Disorder

A psychiatric disorder characterized by recurring unexpected panic attacks and the ongoing fear of having another attack.

Genetic Predisposition

A natural inclination or tendency for organisms to develop certain traits or diseases based on their genetic makeup.

Lactate

A compound produced during the breakdown of glucose in the body, often associated with muscle fatigue during intense exercise.

Biological Factors

Aspects relating to the biological makeup of individuals that influence their physiology and behavior.