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 metres)has an
= 15.2%.What would you predict about the price of the yacht whose length was two standard deviations below the mean?
A)The price should be 0.780 SDs below the mean in price.
B)The price should be 0.390 SDs below the mean in price.
C)The price should be 1 SD below the mean in price.
D)The price should be 1.842 SDs below the mean in price.
E)The price should be 1 SD 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 metres)has an 
= 15.2%.What would you predict about the price of the yacht whose length was two standard deviations below the mean?
A)The price should be 0.780 SDs below the mean in price. 
B)The price should be 0.390 SDs below the mean in price. 
C)The price should be 1 SD below the mean in price. 
D)The price should be 1.842 SDs below the mean in price. 
E)The price should be 1 SD 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 metres)has an 
= 15.2%.What would you predict about the price of the yacht whose length was two standard deviations below the mean?
A)The price should be 0.780 SDs below the mean in price. 
B)The price should be 0.390 SDs below the mean in price. 
C)The price should be 1 SD below the mean in price. 
D)The price should be 1.842 SDs below the mean in price. 
E)The price should be 1 SD above the mean in price.

A Random Sample of 150 Yachts Sold in Canada Last