A Poultry Farmer That Dabbles in Statistics Is Interested in Exploring

question 58

Multiple Choice

A poultry farmer that dabbles in statistics is interested in exploring the relationship between two types of feed,layer pellets and scratch,water,and the output of his laying hens.For ten days he records the number of ounces of layer pellets and scratch the hens consume and the number of fluid ounces of water and tracks the number of eggs that are produced.After running a multiple regression model,he obtains the following report.What is the best interpretation of these statistics? Regression Statistics

• A) The probability that the number of eggs is correctly predicted by the amount of scratch, layer pellets, and water consumed is 99.36%.
• B) The prediction of the amount of eggs is 98.7% accurate based on the amount of scratch, layer pellets, and water consumed.
• C) 98.7% of the variability in egg production is explained by the amount of water, scratch, and layer pellets consumed.
• D) The prediction of the amount of eggs is 99.36% accurate based on the amount of scratch, layer pellets, and water consumed.

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Definitions:

Disk Drives

Disk drives are data storage devices used for storing and retrieving digital information using one or more rigid rapidly rotating disks (platters) coated with magnetic material.

Financial Advantage

The benefit gained by making a decision or taking an action which results in a better financial position.

Traceable Fixed Costs

Costs directly associated with a specific business segment or product, which would disappear if the segment or product were discontinued.

Net Operating Income

The income generated from normal business operations, calculated as revenues minus operating expenses excluding taxes and interest.