A poultry farmer that dabbles in statistics is interested in exploring the relationship between two types of feed (layer pellets and scratch) , water, and the output of his laying hens. For ten days he records the number of ounces of layer pellets and scratch the hens consume and the number of fluid ounces of water and tracks the number of eggs that are produced. After running a multiple regression model, he obtains the following report. What is the best interpretation of these statistics?
A) For every egg produced, about 0.185 ounces of scratch must be consumed.
B) The standard error for the model intercept is as large as the coefficient, thus the intercept is the most important predictor of egg production.
C) Layer pellets are not good predictors of egg production because the p-value is 0.
D) For every ounce of water consumed, the chickens produce 0.15 eggs, holding all other independent variables constant.
Correct Answer:
Verified
Q37: The greater the randomness in the model,
Q38: Two smoothing models that yield identical forecasts
Q39: Develop forecasts for periods 7 through
Q40: The independent variable is the quantity the
Q41: McMahon and Tate advertising company is interested
Q43: Multiple regression was used to forecast
Q44: A poultry farmer that dabbles in
Q45: Multiple regression is used when the forecaster
Q46: Using the data in the table,
Q47: The _ value for a regression or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents