TABLE 14-9 You Decide to Predict Gasoline Prices in Different Cities and Cities

question 280

Multiple Choice

TABLE 14-9
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 Table 14-9, 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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A superior court that examines the rulings of inferior courts for the proper application of the law.

Scanty

Lacking in amount, quantity, or sufficiency; minimal or insufficient in size, quantity, or degree.

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To change to the opposite direction, position, or course of action.