The Residual Sum of Squares and Degrees of Freedom Due

question 104

Multiple Choice

The residual sum of squares and degrees of freedom due to the regression are:
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$\begin{array}{l}\hline \text { gression Statistics }\\\begin{array}{lr}\hline\text { R } & 0.971 \\\text { e} & \mathbf{A} \\\text { R-Square }& \mathbf{B} \\\text { Error } &30.462\\\text { ions } & 51\\\hline\end{array}\end{array}$


$\begin{array}{rrrrrr}\hline&\text { df } & {\text { SS }} & {\text { MS }} & \boldsymbol{F} & {\text { Signiticance F}} \\\hline\text { on }& \text { C } & 747851.57 & 373925.79 & 402.98 & 9.89 \mathrm{E}-31 \\&48 & \text { D } & 927.91 & & \\&50 & 792391.11 & & & \\\hline\end{array}$


$\begin{array}{lrrrrrr}\hline &\text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} &{\text { t Stat }} & \text { P-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline &\mathbf{E} & 62.13 & 26.79 & 1.60 \mathrm{E}-30 & 1539.66 & 1789.51 \\\text { Roses }&-6.68 & \mathbf{F} & -1.41 & 1.64 \mathrm{E}-01 & -16.16 & 2.81 \\\text { le Income }&9.73 & 0.34 & \mathbf{G} & 1.23 \mathrm{E}-31 & 9.04 & 10.42\\\hline\end{array}$

• A) 44,539.54 and 2, respectively.
• B) 747,851.57, and 98, respectively.
• C) 1,540,242.68 and 48, respectively.
• D) There is not sufficient information to answer this question.

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Definitions:

Bundle

A group or collection of items that are offered together as a single package.

Laspeyres Price Index

A price index that measures the relative price change of a basket of goods and services, using the quantities from the base period.

Per Capita Income

An average income earned per person in a given area (city, region, country) in a specified year, often used as an indicator of the economic health of a region.

Laspeyres Price Index

The Laspeyres Price Index measures the change in the price of a basket of goods and services over time, using the quantities of the base period.