Use the following to answer questions :
The following table lists the monthly incomes (in hundreds of dollars)and the monthly rents paid (in hundreds of dollars)by a sample of six families.

-Suppose we have information on the monthly incomes and the monthly rents paid by a sample of families.In the regression of monthly rent paid on the monthly income for these data,the value of b will represent:
A)the point where this regression line will intersect the y-axis
B)the point where this regression line will intersect the x-axis
C)an increase in the monthly rent paid by a family due to a $100 increase in income
D)an increase in the income of a family due to a $100 increase in the monthly rent

Question

Use the following to answer questions :
The following table lists the monthly incomes (in hundreds of dollars)and the monthly rents paid (in hundreds of dollars)by a sample of six families.

-Suppose we have information on the monthly incomes and the monthly rents paid by a sample of families.In the regression of monthly rent paid on the monthly income for these data,the value of b will represent:
A)the point where this regression line will intersect the y-axis 
B)the point where this regression line will intersect the x-axis 
C)an increase in the monthly rent paid by a family due to a $100 increase in income 
D)an increase in the income of a family due to a $100 increase in the monthly rent

Quizplus · Accepted Answer

The value of b in a regression equation represents the slope, which indicates the change in the dependent variable (monthly rent) for a unit change in the independent variable (monthly income).

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