Using Advertised Prices for Used Ford Escorts a Linear Model $\mathrm { R } ^ { 2 }$

question 61

Multiple Choice

Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found.The regression has an $\mathrm { R } ^ { 2 }$ = 88.2%.Describe the relationship

• A)Positive,strong linear relationship.As the age increases the price goes up.
• B)Negative,weak linear relationship.As the age decreases the price goes down.
• C)Positive,weak linear relationship.As the age increases the price goes down.
• D)Negative,strong linear relationship.As the age increases the price goes down.
• E)Negative,strong linear relationship.As the age increases the price stays the same.

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Definitions:

Public Accountants

are certified professionals who provide accounting services, including auditing, tax advice, and financial planning, to the public.

GAAP Standard

Generally Accepted Accounting Principles, the set of accounting standards used in the United States to ensure accuracy and consistency in financial reporting.

Relevance

The degree to which something is related or useful to what is happening or being talked about.

Statement Of Cash Flows

Statement showing the sources and uses of cash during a period of time.