Instruction 12.10
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
-Referring to Instruction 12.10,which of the following is the correct interpretation for the slope coefficient?
A) For each increase of 1,000 downloads, the expected revenue is estimated to increase by $3.7297 thousands.
B) For each increase of 1,000 dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.
C) For each decrease of 1,000 dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.
D) For each decrease of 1,000 downloads, the expected revenue is estimated to increase by $3.7297 thousands.
Correct Answer:
Verified
Q40: Instruction 12.5
The managing partner of an advertising
Q41: When using a regression model to make
Q42: The standard error of the estimate is
Q43: What do we mean when we
Q44: A simple regression has a b0 value
Q46: The slope (b1)represents
A) the estimated average change
Q47: The regression sum of squares (SSR)can never
Q48: When using a regression model to make
Q49: A simple regression has a b0 value
Q50: Instruction 12.10
A computer software developer would
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