The Following Regression Output Was Generated Based on a Sample

question 85

Multiple Choice

The following regression output was generated based on a sample of utility customers.The dependent variable was the dollar amount of the monthly bill and the independent variable was the size of the house in square feet. Based on this regression output,what is the 95 percent confidence interval estimate for the population regression slope coefficient?

• A)Approximately -0.0003 ----- +0.0103
• B)About -0.0082 ----- +0.0188
• C)Approximately -32.76 ----- +32.79
• D)None of the above

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Definitions:

Percentage Change

A mathematical calculation that indicates how much a value has increased or decreased as a percentage from its original amount.

Traceable Fixed Expense

Costs that can be directly linked to a specific segment or unit of a business, and do not change with the level of output.

Value-Based Pricing

Value-Based Pricing is a strategy where prices are set primarily on the perceived value to the customer rather than on the cost of the product or historical prices.

Differentiation Value

The unique attributes or benefits that make a product or service stand out from competitors in the eyes of customers.