A Market Analyst Is Developing a Regression Model to Predict

question 63

Multiple Choice

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size,household income,and household neighbourhood (urban,suburban,and rural) .The "income" variable in this model is ___.

• A)an indicator variable
• B)a response variable
• C)a qualitative variable
• D)a dependent variable
• E)an independent variable

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Definitions:

Standard Deviation

Standard Deviation is a measure of the amount of variability or dispersion around the mean value of a set of data.

Hypothesized Mean

Refers to a specific value of the mean in the population that is proposed for testing in hypothesis testing.

Standard Deviation

A measure that indicates the amount of variation or dispersion of a set of values.

Raw Score

The original, unmodified score obtained by an individual on a test or assessment.