In the Regression Equation,y=2

question 91

Multiple Choice

In the regression equation,y=2.164+1.3657x n=6,the mean of x is 8.667,S_xx=89.333 and S_e=3.44.A 95% prediction interval for y when x=8 is _________

• A) (9.13, 17.05)
• B) (2.75, 23.43)
• C) (10.31, 15.86)
• D) (3.56, 22.62)
• E) (12.09, 14.09)

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Definitions:

Utility-Maximizing

The economic principle that consumers choose combinations of goods and services to maximize their satisfaction or utility under budget constraints.

Economic Theory

A set of principles and models that explain how economic agents interact and how economies function.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.