Use the Following to Answer the Question(s) Below

question 18

Multiple Choice

Use the following to answer the question(s) below.
Weekly commodity prices for heating oil (in cents) were obtained and regressed against time. Below is the regression output and residual plots from fitting a linear model.
-Which of the following statements is true?

• A) The t-test for the regression slope indicates that it is significantly different from zero.
• B) The model explains 71.9% of the variability in heating oil prices.
• C) The linear model is appropriate.
• D) The t-test for the regression slope indicates that it is significantly different from zero and the model explains 71.9% of the variability in heating oil prices.
• E) All of the statements given are true.

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Criteria that determine if individuals or groups qualify for certain advantages or services.

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The act of deciding or establishing something in advance, often before relevant data or events are known.

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