The Editors of a National Automotive Magazine Recently Studied 30

question 104

Multiple Choice

The editors of a national automotive magazine recently studied 30 different automobiles sold in the United States with the intent of seeing whether they could develop a multiple regression model to explain the variation in highway miles per gallon. A number of different independent variables were collected. The following regression output (with some values missing) was recently presented to the editors by the magazine's analysts: Based on this output and your understanding of multiple regression analysis, what percentage of variation in the dependent variable is explained by the regression model?

• A) Approximately 82 percent
• B) Over 90 percent
• C) About 37 percent
• D) None of the above

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Definitions:

Cognitive Perspective

A psychological approach that focuses on how people perceive, think about, and understand their worlds.

Information Processor

An entity, often a computer or the human brain, that receives, processes, stores, and outputs information.

Blank Slate

The idea that individuals are born without built-in mental content, and all knowledge comes from experience or perception.

Social Animal

An organism that highly engages in social interactions and is often dependent on a community or group for survival and benefits.