SCENARIO 18-2
-Referring to Scenario 18-2, the estimated value of the partial regression parameter in Model
1 means that
A) holding the effect of the other independent variables constant, an estimated expected $1 increase in heating costs is associated with a decrease in the daily minimum outside Temperature by 4.51 degrees.
B) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in a decrease in heating costs by $4.51.
C) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by $4.51.
D) holding the effect of the other independent variables constantn, a 1% increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by 4.51%.

Question

SCENARIO 18-2 
-Referring to Scenario 18-2, the estimated value of the partial regression parameter  in Model
1 means that
A) holding the effect of the other independent variables constant, an estimated expected $1 increase in heating costs is associated with a decrease in the daily minimum outside Temperature by 4.51 degrees. 
B) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in a decrease in heating costs by $4.51. 
C) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by $4.51. 
D) holding the effect of the other independent variables constantn, a 1% increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by 4.51%.

Quizplus · Accepted Answer

The Answer of SCENARIO 18-2 
-Referring to Scenario 18-2, the estimated value of the partial regression parameter  in Model
1 means that
A) holding the effect of the other independent variables constant, an estimated expected $1 increase in heating costs is associated with a decrease in the daily minimum outside Temperature by 4.51 degrees. 
B) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in a decrease in heating costs by $4.51. 
C) holding the effect of the other independent variables constant, a 1 degree increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by $4.51. 
D) holding the effect of the other independent variables constantn, a 1% increase in the daily minimum outside temperature results in an estimated decrease in mean heating Costs by 4.51%.

SCENARIO 18-2 -Referring to Scenario 18-2, the Estimated Value of the Partial