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

Understand the significance of goal setting and the factors influencing goal pursuit and achievement.

Explore the impact of positive illusions on goal setting and self-perception.

Examine the importance of freedom and behavioral flexibility in human psychology.

Analyze the influence of psychological theories on interpersonal perceptions and relationships.

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