Question
Select the appropriate interpretation for the slope of the linear regression equation below. Y (Dependent Variable) = Cost of a car in thousands of dollars
Select the appropriate interpretation for the slope of the linear regression equation below.
Y (Dependent Variable) = Cost of a car in thousands of dollars
X (Independent Variable) = Miles per Gallon in city traffic
yhat = 28.1 + 0.62*X
a) There is not enough information to answer this question
b) For every 1 thousand dollars less a car costs then on average the car will get 0.62 fewer Miles per Gallon in city traffic.
c) For every 1 Mile per Gallon more that a car gets in city traffic then on average the cost of the car will decrease by 0.62 thousand dollars
d) For every 1 Mile per Gallon more that a car gets in city traffic then on average the cost of the car will increase by 0.62 thousand dollars
e) For every 1 thousand dollars more a car costs then on average the car will get 0.62 more Miles per Gallon in city traffic.
f) The independent variable does not have a significant influence on the dependent variable
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