THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An insurance company analyst is interested in analyzing the dollar value of damage in automobile accidents.She collects data from 115 accidents,and records the amount of damage as well as the age of the driver.The results of her regression analysis are listed below.
SUMMARY OUTPUT
-The regression equation is:
A)y = 10725.802 + 69.964x
B)y = 114 + 113x
C)y = 1535.215 + 34.625x
D)y = 113 + 114x

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An insurance company analyst is interested in analyzing the dollar value of damage in automobile accidents.She collects data from 115 accidents,and records the amount of damage as well as the age of the driver.The results of her regression analysis are listed below.
SUMMARY OUTPUT 
-The regression equation is:
A)y = 10725.802 + 69.964x 
B)y = 114 + 113x 
C)y = 1535.215 + 34.625x 
D)y = 113 + 114x

Quizplus · Accepted Answer

The regression equation is typically presented in the form y = a + bx, where 'a' is the y-intercept and 'b' is the slope. The equation y = 10725.802 + 69.964x fits this format.