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:

Conspicuous Consumption

The purchase and prominent display of luxury goods to provide evidence of a consumer’s ability to afford them.

Taste Test

An evaluation process where individuals sample and rate different foods or beverages based on flavor, texture, and other sensory attributes.

Crowding

A subjective feeling of having less space than desired, often due to a high density of people or objects.

Ethnographic

A research method that attempts to provide a close understanding of people and cultures.