Analyse the Following Table

question 20

Multiple Choice

Analyse the following table. How might you express the data as a multiple regression model when dummy variables are incorporated?

• A) Performance = 4.0+(1.5×Motivation)+(-1.9×visual)+(-0.003×auditory)
• B) Performance = 4.0×(1.5×Motivation)×(-1.9×visual)×(-0.003×auditory)
• C) Performance = 4.0×(1.5+Motivation)×(-1.9+visual)×(-0.003+auditory)
• D) Performance = 4.0-(1.5/Motivation)-(-1.9/visual)-(-0.003/auditory)

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Definitions:

Societal Choices

Decisions made by a society as a whole about the allocation of resources and priorities among different uses.

Opportunity Cost

The worth of the best alternative given up as a consequence of a decision made.

Utility

The subjective benefit or satisfaction a person expects from a choice or course of action.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of making choices.