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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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fattykay92 fattykay92
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4 years 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.
Textbook 
Stats: Modeling the World

Stats: Modeling the World


Edition: 4th
Authors:
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#1
4 years ago
The average prediction error of the regression line is $2.30.
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