The Results of the Regression Analysis to Estimate Delivery Costs

question 37

Multiple Choice

The results of the regression analysis to estimate delivery costs are as follows:
Which of the following statements represent a valid conclusion based on the above regression analysis output?

• A) 54.4% of transportation cost can be explained by the number of cargos.
• B) The F-statistic is considered significant; therefore, the relationship in the regression is unlikely to happen by chance.
• C) The p-value associated with the intercept suggests that the delivery costs are entirely variable.
• D) Given the t-statistic, number of cargos is a poor cost driver of delivery cost.

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Definitions:

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