Suppose a Rental Car Company Uses Simple Linear Regression to Develop

question 1

Multiple Choice

Suppose a rental car company uses simple linear regression to develop an equation that predicts the repair costs for each of its vehicles based on the mileage of the car (total miles driven) .The company uses the following data on repair costs and miles driven for five of its cars: The intercept of the least squares regression line is:

• A)0.067
• B)2.89
• C)6.46
• D)13.85

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Definitions:

Stereotyping

The act of assigning generalized attributes, beliefs, or behaviors to individuals based on their membership in a particular group, often without regard for individual differences.

Diversity Awareness

The recognition and acceptance of the importance of diversity in an organization, leading to a more inclusive workplace.

Categorical Thinking

refers to the cognitive process of organizing information and experiences into categories for easier understanding and decision-making.

MARS Model

A framework identifying four factors (Motivation, Ability, Role perceptions, and Situational factors) that influence individual behavior and performance at work.