Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.

-The intercept of the estimated regression line that relates the response variable (cash bonus) to the predictor variable (annual pay) is
A) 0.409
B) -16945
C) 0.54
D) 3.45
E) none of the above

Question

Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.
  
-The intercept of the estimated regression line that relates the response variable (cash bonus) to the predictor variable (annual pay) is
A) 0.409 
B) -16945 
C) 0.54 
D) 3.45 
E) none of the above

Quizplus · Accepted Answer

According to the summary statistics table, the intercept (or constant) value for the regression line is -16,945.

Consider the Following to Answer the Question(s) Below