A Random Sample of Records of Electricity Usage of Homes

question 40

Multiple Choice

A random sample of records of electricity usage of homes gives the amount of electricity used and size (in square feet) of 135 homes.A regression to predict the amount of electricity used (in kilowatt-hours) from size has an R-squared of 71.3%.The residuals plot indicated that a linear model is appropriate.Write a sentence summarizing what
Says about this regression.

• A)Size differences explain 28.7% of the variation in electricity usage.
• B)Differences in electricity usage explain 71.3% of the variation in the size of house.
• C)Size differences explain 71.3% of the variation in the number of homes.
• D)Size differences explain 71.3% of the variation in electricity usage.
• E)Differences in electricity usage explain 28.7% of the variation in the number of house.

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Definitions:

Chattel

Assets that can be physically relocated, unlike immovable real estate or land.

Bailment

Temporary possession by one person of chattels owned by another.

Bailment Period

The duration during which personal property is legally entrusted to someone who is not the owner, under a contract for a specific purpose.

Bailment

A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property.