The Following Results Were Obtained from a Simple Regression Analysis

question 42

Short Answer

The following results were obtained from a simple regression analysis.
Ŷ = 37.2895 − 1.2024X
r² = .6744 s_b = .2934
For each unit change in X (independent variable), what is the estimated change in Y (dependent variable)?

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Definitions:

Guarantees

Promises or assurances, usually in writing, that certain conditions will be fulfilled, often relating to the quality or durability of a product or service.

Parental Responsibility

The legal term for the duties, powers, responsibilities, and authority that most parents have in relation to their children, covering their care, property, and education.

Negligent

An individual or entity's failure to take reasonable care, resulting in harm or damage to others.

Mortgage Agreement

is a legal contract between a borrower and lender that outlines the terms and conditions of a loan used to purchase property, with the property acting as security for the loan.