Suppose the equation of the regression line for the debt, Ask an Expert

Statistics

Suppose the equation of the regression line for the debt per capita for the years 1990-2001 is computed to be debt per capita = -2,231,226 + 1128 x(year) and R2 = 98.8%

Which of the following is true

A. About 98.8% of the variation in debt per capita is explained by the model

b. On average debt per capita increases $1128 per year

c. The response variable is year

d. both a & b

e. None of the above

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91011120

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

One sample has n 8 and ss 21 and a second sample has n 8

One sample has n = 8 and SS = 21 and a second sample has n = 8 and SS = 35. What is the pooled variance for the two samples?

Many manufacturing problems involve the accurate matching

Many manufacturing problems involve the accurate matching of machine parts, such as shafts, that fit into a valve hole. A particular design requires a shaft with a diameter of 22.000 mm, but shafts with diameters betwe ...

Assume that from a random sample of 18 trees a researcher

Assume that from a random sample of 18 trees a researcher found that the average height of the trees was 4.3 meters with a standard deviation of 0.25 meters. Assume that the distribution of the heights of these trees is ...

Suppose a soft drink company want to perform a taste test

Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?

Bella is 23 years old and wants to invest money for her

Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutual fund, calculate the amount of mone ...

Using chebysheffs theorm you have concluded that at least

Using Chebysheff's theorm, you have concluded that at least 77.66% of the 3,075 runners took between 60.5 and 87.5 minutes to complete the 10km race. What was the standard deviation of these 3,075 runners?

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

In a production process a product is assembled by using

In a production process, a product is assembled by using four independent parts (A, B, C, and D). In order for the part to operate properly, each part must be free of defects. The probability that the parts are defect-fr ...

Using excel a manufacturer of celsius thermometers claims

Using Excel, A manufacturer of Celsius thermometers claims the thermometers they produce have an average (mean) reading of 0 degrees Celsius and a standard deviation of 1 degree Celsius for freezing water . If one of the ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert