The results of the regression analysis to estimate delivery costs are as follows:
Which of the following statements represent a valid conclusion based on the above regression analysis output?
A) 54.4% of transportation cost can be explained by the number of cargos.
B) The F-statistic is considered significant; therefore, the relationship in the regression is unlikely to happen by chance.
C) The p-value associated with the intercept suggests that the delivery costs are entirely variable.
D) Given the t-statistic, number of cargos is a poor cost driver of delivery cost.

Question

The results of the regression analysis to estimate delivery costs are as follows: 
Which of the following statements represent a valid conclusion based on the above regression analysis output?
A) 54.4% of transportation cost can be explained by the number of cargos. 
B) The F-statistic is considered significant; therefore, the relationship in the regression is unlikely to happen by chance. 
C) The p-value associated with the intercept suggests that the delivery costs are entirely variable. 
D) Given the t-statistic, number of cargos is a poor cost driver of delivery cost.

Quizplus · Accepted Answer

The Answer of The results of the regression analysis to estimate delivery costs are as follows: 
Which of the following statements represent a valid conclusion based on the above regression analysis output?
A) 54.4% of transportation cost can be explained by the number of cargos. 
B) The F-statistic is considered significant; therefore, the relationship in the regression is unlikely to happen by chance. 
C) The p-value associated with the intercept suggests that the delivery costs are entirely variable. 
D) Given the t-statistic, number of cargos is a poor cost driver of delivery cost.

The Results of the Regression Analysis to Estimate Delivery Costs