A Local Trucking Company Fitted a Regression to Relate the Travel

question 103

Multiple Choice

A local trucking company fitted a regression to relate the travel time (days) of its shipments as a function of the distance traveled (miles) . The fitted regression is Time = -7.126 + 0.0214 Distance. If Distance increases by 50 miles, the expected Time would increase by:

• A)1.07 days
• B)7.13 days
• C)2.14 days
• D)1.73 days

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Definitions:

Strict Liability

A legal doctrine that holds an individual or entity responsible for damages or harm caused, regardless of negligence or intent.

Superseding Event

An unforeseeable event that interrupts the chain of causation and relieves all parties of liability.

Assumption of Risk

A legal doctrine under which an individual knowingly and willingly takes on the risks associated with an activity, potentially limiting liability for harm that occurs as a result.

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.