A Regression Equation Is Found That Predicts the Increased Cost $2.5 + 0.02$

question 214

Multiple Choice

A regression equation is found that predicts the increased cost of a home owner's electricity bill given the number of holiday lights they put on the outside of their house. The equation is dollars = $2.5 + 0.02$ (light) . If a house has 400 lights and a $\$ 15$ increase in their electricity cost, find their residual.

• A) \(- \$ 15\)
• B) \(- \$ 5\)
• C) \(\$ 15\)
• D) \(\$ 20\)
• E) \(\$ 5\)

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Definitions:

Transcendence Need

According to Maslow, the highest level of psychological development where an individual goes beyond self-actualization to experience unity with the broader world.

Fromm

Erich Fromm was a psychoanalyst and social psychologist who explored the interaction between psychology and society, emphasizing the importance of love, freedom, and non-conformity in human development.

Identity Need

The psychological requirement for a sense of coherence and continuity in one's self-concept, important for mental health and well-being.

Fromm

Erich Fromm, a psychoanalyst and social philosopher, known for his theories on human nature, freedom, and modern society, including the need for belonging and love as central human drives.