The Scatterplot Below Suggests a Linear Relationship Between the Age

question 33

Multiple Choice

The scatterplot below suggests a linear relationship between the age (in years) of an antique clock and its sale price (in euros) at auction. The data are age and sale price for 11 antique clocks sold at a recent auction. We fit the least-squares regression line to the model price =  +  (age) , where the deviations are assumed to be independent and Normally distributed, with mean 0 and standard deviation . A summary of the output is given.
R² = 0.848
S = 33.1559 The approximate intercept of the least-squares regression line is:

• A)27.73.
• B)1.893.
• C)34.84.
• D)0.267.

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Definitions:

Consumptions

The action or process of using goods and services to satisfy human needs or desires.

Apples

A type of fruit known for its sweet taste and crisp texture, widely consumed fresh, juiced, or used in various culinary dishes.

Oranges

A citrus fruit known for its sweet or slightly acidic flavor, commonly consumed fresh or as juice.

Consumptions

The act of using goods and services for personal use, including the spending on such goods and services in an economy.