THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 45

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An insurance company analyst is interested in analyzing the dollar value of damage in automobile accidents.She collects data from 115 accidents,and records the amount of damage as well as the age of the driver.The results of her regression analysis are listed below.
SUMMARY OUTPUT
-The regression equation is:

• A)y = 10725.802 + 69.964x
• B)y = 114 + 113x
• C)y = 1535.215 + 34.625x
• D)y = 113 + 114x

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Definitions:

Incubation

In problem-solving and creativity research, the process during which an unconscious recombination of thought processes occurs, potentially leading to a solution after a period of rest or distraction from the problem.

Conditional Reasoning

Conditional reasoning is a form of logical thinking that involves establishing a relationship between two propositions where one is a condition of the other.

Visual Memory

The ability to remember information encoded in visual form, which can be used to recall facts, details, or the physical location of objects.

Chunking

A process of reorganizing (or recoding) materials in working memory by combining a number of items into a single, larger unit.