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:

Nonhomologous Chromosome

Chromosomes that do not pair or share a similar structure or gene sequence with each other during cell division.

Prader-Willi Syndrome

A genetic disorder that causes obesity, intellectual disability, and shortness in height among other symptoms.

Angelman Syndrome

A genetic disorder causing developmental disabilities, seizures, unique facial appearances, and frequent laughter or smiling.

Chromosome 15

One of the 23 pairs of human chromosomes, carrying genes that can be involved in various genetic disorders and characteristics.