Retail price data for n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive: Retail PRICE (measured in dollars)
Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
size (measured in computer processing units)
(Values in sample range from 286 to 486 )
A first-order regression model was fit to the data. Part of the printout follows:
Parameter Estimates
Identify and interpret the estimate for the SPEED -coefficient, .
A) ; For every 1-megahertz increase in SPEED, we estimate PRICE to increase , holding CHIP fixed.
B) ; For every increase in PRICE, we estimate SPEED to increase 105 megahertz, holding CHIP fixed.
C) For every 1 -megahertz increase in SPEED, we estimate PRICE to increase , holding CHIP fixed.
D) ; For every increase in PRICE, we estimate SPPED to increase by about 4 megahertz, holding CHIP fixed.
Correct Answer:
Verified
Q5: A first-order model may include terms for
Q7: As part of a study at
Q9: During its manufacture, a product is
Q10: In any production process in which
Q10: The method of fitting first-order models is
Q11: In the first-order model
Q12: For a multiple regression model, we assume
Q13: Retail price data for n =
Q17: The printout shows the results of
Q19: A first-order model does not contain any
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