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.

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Definitions:

Fetal Pulmonary Trunk

A vessel in the developing fetus that carries blood from the right ventricle of the heart to the lungs.

Ligamentum Arteriosum

A small ligament that is the remnant of the ductus arteriosus formed within three weeks after birth, connecting the pulmonary artery to the proximal descending aorta.

Fetal Aorta

The primary artery in the fetus that carries oxygenated blood from the heart to various parts of the body, evolving from the embryonic heart.

Axillary Artery

A major blood vessel that carries oxygenated blood to the lateral aspect of the thorax, the axilla (armpit), and the upper limb.