Question
Some Haskayne students are doing consulting work for a large company in relation to the purchase of a used freighter. The students created a multiple
Some Haskayne students are doing consulting work for a large company in relation to the purchase of a used freighter. The students created a multiple variable regression with Sailing Hours, Capacity and Ship's Age as the independent variables and Price as the dependent variable and found the following results:
Which of the following is true?
Question 16 options:
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| a) | The minimum price this model predicts is $8.5 million |
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| b) | The students should recommend the use of this model as it has an R-square of 85% |
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| c) | None of the independent variables are statistically significant at the 95% confidence level |
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| d) | Both A and C are true |
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