A Multiple Regression Is Shown for a Data Set of Yachts

question 70

Multiple Choice

A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Based on this output,which of the independent variables appear to be significantly helping to predict the price of a yacht,using a 0.10 level of significance?

• A)Age
• B)Age and length
• C)Rooms and Nav.Equip.
• D)Length and Nav.Equip.

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Definitions:

Disposable Income

After-tax income. Term applies to individuals and to the nation.

Welfare Rolls

A list or register of individuals who are receiving welfare benefits provided by a government.

Hours Per Year

A measure of the amount of time expressed in hours over the course of a year, often used in the context of work hours or operational hours.

Labor Force

The aggregate count of individuals who are either engaged in work or are in pursuit of a job.