SCENARIO 18-4 You Decide to Predict Gasoline Prices in Different Cities and Cities

question 164

Multiple Choice

SCENARIO 18-4
You decide to predict gasoline prices in different cities and towns in the United States for your term project.Your dependent variable is price of gasoline per gallon and your explanatory variables are per capita income,the number of firms that manufacture automobile parts in and around the city,the number of new business starts in the last year,population density of the city,percentage of local taxes on gasoline,and the number of people using public transportation.You collected data of 32 cities and obtained a regression sum of squares SSR= 122.8821.Your computed value of standard error of the estimate is 1.9549.
-Referring to Scenario 18-4,what is the value of the coefficient of multiple determination?

• A)0.2225
• B)0.4576
• C)0.5626
• D)0.6472

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Definitions:

Diabetes Mellitus

Condition caused by an insulin imbalance in the body; type 1 diabetes results from not enough insulin being produced; type 2 diabetes is caused by the body (specifically adipose tissue) not responding to insulin in the blood.

Glucose

Glucose is a simple sugar with the molecular formula C6H12O6, serving as a primary source of energy for most organisms.

Hydrogen Ions

Positively charged ions (H+) that are simply protons and play essential roles in chemical reactions, particularly in determining the acidity or pH of solutions.