For the equation Ŷ = 130 + 5(X₁) + 3(X₂), which statement is true? A) 130 is the slope of the line. B) This is a simple linear regression equation. C) There are two slopes. D) The y intercept is 8.

Question

Quizplus · Accepted Answer

The equation has two different slopes for two different variables (5 and 3), indicating that it is a multiple linear regression model with two predictors, not a simple linear regression with a single predictor.

For the Equation Ŷ = 130 + 5(X1) + 3(X2)

For the Equation Ŷ = 130 + 5(X₁) + 3(X₂)