The Following Regression Output Was Generated Based on a Sample

question 21

Multiple Choice

The following regression output was generated based on a sample of utility customers. The dependent variable was the dollar amount of the monthly bill and the independent variable was the size of the house in square feet. Based on this regression output, what is the 95 percent confidence interval estimate for the population regression slope coefficient?

• A) Approximately -0.0003 ----- +0.0103
• B) About -0.0082 ----- +0.0188
• C) Approximately -32.76 ----- +32.79
• D) None of the above

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Definitions:

Transaction Recording Process

The systematic approach of documenting financial transactions in the accounting records of a business, ensuring accuracy and completeness.

Analyze

The process of examining data or information to break it down into its components, understand its structure, and identify patterns or relationships.

Journal

An accounting record where all transactions are initially recorded, chronologically, before they are transferred to ledger accounts.

Ledger

A book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits.