The Scatterplot Below Suggests a Linear Relationship Between the Age

question 12

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 correlation between the age of the antique clock and the auction price of the antique clock is:

• A)-0.921.
• B)0.921.
• C)-0.719.
• D)0.719.

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Definitions:

Voting Power

The right or authority to cast a vote in order to influence a decision or outcome, often used in the context of elections or corporate governance.

Job Evaluation

The systematic process of determining the relative worth of jobs within an organization to establish fair compensation levels.

Relative Importance

A concept that assesses the significance of one factor or element in comparison to others within a given context or system.

Key Factors

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