THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 46

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The manager of a used-car dealership is very interested in the resale price of used cars.The manager feels that the age of the car is important in determining the resale value.He collects data on the age and resale value of 15 cars and runs a regression analysis with the value of the car (in thousands of dollars) as the dependent variable and the age of the car (in years) as the independent variable.Unfortunately,the printout had lost some of the results,identified by"A" through"F".The partial results left are displayed below.
-In order to estimate with 95% confidence the expected value of y in a simple linear regression problem,a random sample of 10 observations is taken.Which of the following t-table values listed below would be used?

• A)2.228
• B)1.860
• C)1.812
• D)2.306

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Definitions:

Consistency

The state or characteristic of being uniform, unchanging, and reliable over time.

Scarcity

The economic condition of having limited resources available to meet unlimited wants and needs.

Power-oriented Linguistic Style

A way of communicating that is designed to showcase authority, control, and dominance over the conversational flow and listeners.

Technical Jargon

Specialized language or terms used by experts in a particular field or industry, often hard to understand by outsiders.