mcq questions

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mcq questions

TutorBin · Accepted Answer

1.	 False
2.	   Explaining the impact of changes in an independent variable on the dependent variable.
3.	  False
4.	 0, -0.892 and 1
5.	 False
6.	 True
7.	 True
8.	True 
9.	It means that the least square regression line is close to all the data points
10.	True
11.	Determines a range around a predicted value
12.	Linearity, Independence, Normality and Equal Variance
13.	True
14.	False. (Failure to reject the null hypothesis means that our sample did not give enough evidence to infer that the effect exists.)
15.	Coefficient correlation 0.69959 and which is less than r alpha 1.96 it is statistically significant.
16.	[1421.9367+10.9751X]
17.	For every $1 million increase in revenue, the mean $10.98 Million increases by its Franchise value.
18.	From the least square regression analysis the coefficients obtained are b0 = -1421.9 and b1= 10.97. Here the intercept coefficient represents the franchise value is -1421.9 when revenue is equal to zero. It is evident that no franchise value is possible without annual revenue of zero. When we look into the slope coefficient, for every million dollars increase in the annual revenue the value is expected to increase by 10.97 dollar.
19.	Annual revenue 	X = $250 million						
Linear Equation 	Y = [1421.93666+10.97510 X]
Substitute X value	Y = [1421.93666+10.97510] ($250million)								Y = $1321.83834 million.
Mean value of a baseball franchise that generates $250 million annual revenue is $1321.83834 million.
20.	Annual revenue 	X = $150 million						
Linear Equation 	Y = [1421.93666+10.97510 X]
Substitute X value	Y = [1421.93666+10.97510] ($150million)								Y =$224.32834 million.
Mean value of a baseball franchise that generates $150 million annual revenue is $224.32834 million.

mcq questions

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