A random sample of 150 yachts sold in the Canada last year was taken.A regression analysis to predict the price (in thousands of dollars)from length (in metres)was completed.A linear model is appropriate.What are the units of the slope?
A)Slope is yachts per dollar.
B)Slope is metres per dollar.
C)Slope is dollars per metre.
D)Slope is metres per thousand dollars.
E)Slope is thousands of dollars per metre.

Question

Quizplus · Accepted Answer

The slope in a regression analysis represents the change in the dependent variable (price, in thousands of dollars) for a one-unit change in the independent variable (length, in metres). Therefore, the units of the slope are "thousands of dollars per metre."

A Random Sample of 150 Yachts Sold in the Canada