1.You contact 300 prospects through email.9 of them become customers.What are the odds that a prospect becomes a customer?

a.-3.82

b.-1.65

c.3.09%

d.2.173%

2.If the predicted revenue from a regression for a company who must sell 50 items is $60, and the data point for a company selling 50 items is $58, what is value the residual?

1. a.-5
2. b.2
3. c.-2
4. d.0

3.If the predicted travel time from a regression for people who must travel 10 miles is 6 minutes, does this mean that all people who travel 10 miles do so in 6 minutes?If not, what does it represent?In the notation of the class what does the prediction of 6 minutes represent relative to the population of all travelers? This question is not based on the sketch above.

a.No, all people in the sample travel 10 miles in 6 minutes.

b.Yes, all people in the population travel 10 miles in 6 minutes.

c.No, the estimate for population average for 10 miles travel is 6 minutes.

d.None of the above.