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wrote...
Posts: 202
2 weeks ago
Computer output in the scenario described in problem #8 reports that s = 2.3. Which is the correct interpretation of this value?

▸ The slope of the regression line is 2.3 lights per dollar.

▸ The initial cost, even with no lights is $2.30.

▸ The slope of the regression line is $2.30 per light.

▸ The average prediction error of the regression line is $2.30.

▸ The correlation is 2.3.
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Stats: Modeling the World


Edition: 4th
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wrote...
2 weeks ago
The average prediction error of the regression line is $2.30.
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