A Multiple Regression Was Conducted to Predict the Price of Yachts

question 50

Multiple Choice

A multiple regression was conducted to predict the price of yachts in thousands of dollars.A dummy variable was included to indicate whether or not the yacht has a flying bridge,where 0 means "no" and 1 means "yes." Which of the following statements is correct using the 0.10 level of significance?

• A)Having a flying bridge significantly increases the price of a yacht by an average of $17.7,given the other variables present.
• B)Having a flying bridge significantly increases the price of a yacht by an average of $17,708,given the other variables present.
• C)We can tell that 17 out of 20 yachts have a flying bridge.
• D)Whether or not the yacht has a flying bridge does not significantly affect the price of a yacht,given the other variables present.

---

Definitions:

Formal Status System

A structured system within an organization that ranks individuals based on their roles, responsibilities, and hierarchy, often tied to rewards and privileges.

Job Goals

Are specific objectives related to one's profession or career path that guide professional development and achievement.

Intrasender Role Conflict

A situation where an individual receives conflicting expectations or demands from the same source.

Allocation Of Rewards

The distribution of benefits or compensations among individuals or groups based on criteria such as performance, need, or status.