TABLE 13-9 You Decide to Predict Gasoline Prices in Different Cities and Cities

question 94

Multiple Choice

TABLE 13-9
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 13-9, 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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Definitions:

Force Exerted

The physical pressure or effort applied to something.

Precapillary Sphincters

Circular muscles located at the entrance of capillaries that regulate blood flow into the capillary beds.

Capillaries

Microscopic blood vessels that facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.

External Jugular Vein

A vein located on each side of the neck that drains blood from the face, neck, and scalp back to the heart.