A Multiple Regression Is Shown for a Data Set of Yachts

question 141

Multiple Choice

A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Given this information,which of the following is true regarding the slope coefficient for Age,where Age represents how many years old the yacht is?

• A)On average the price of the yacht falls by $1.778 per year.
• B)On average the yacht is 1.778 years older per $1000 price change.
• C)On average the price of the yacht falls by $1778 per year.
• D)On average the price of the yacht increases by $1778 per year.

---

Definitions:

Erikson

Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on psychological development of human beings.

Social World

The domain of human interaction and relationships, encompassing various social structures, cultures, and communities.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Psychosexual Stages

A Freudian concept involving a series of early childhood stages in which the libido's energies focus on distinct erogenous zones.