A random sample of 150 yachts sold in Canada last year was taken.A regression to predict the price (in thousands of dollars)from length (in feet)has an
= 19.00%.What would you predict about the price of the yacht whose length was one standard deviation above the mean?
A)The price should be 1 SD above the mean in price.
B)The price should be 0.436 SDs above the mean in price.
C)The price should be 1 SD below the mean in price.
D)The price should be 0.900 SDs above the mean in price.
E)The price should be 0.872 SDs above the mean in price.

Question

A random sample of 150 yachts sold in Canada last year was taken.A regression to predict the price (in thousands of dollars)from length (in feet)has an 
= 19.00%.What would you predict about the price of the yacht whose length was one standard deviation above the mean?
A)The price should be 1 SD above the mean in price. 
B)The price should be 0.436 SDs above the mean in price. 
C)The price should be 1 SD below the mean in price. 
D)The price should be 0.900 SDs above the mean in price. 
E)The price should be 0.872 SDs above the mean in price.

Quizplus · Accepted Answer

The Answer of A random sample of 150 yachts sold in Canada last year was taken.A regression to predict the price (in thousands of dollars)from length (in feet)has an 
= 19.00%.What would you predict about the price of the yacht whose length was one standard deviation above the mean?
A)The price should be 1 SD above the mean in price. 
B)The price should be 0.436 SDs above the mean in price. 
C)The price should be 1 SD below the mean in price. 
D)The price should be 0.900 SDs above the mean in price. 
E)The price should be 0.872 SDs above the mean in price.

A Random Sample of 150 Yachts Sold in Canada Last