Can we use the regression equation to meaningfully predict the price of a Lego set with 6000 pieces? O No, we cannot mak

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Can we use the regression equation to meaningfully predict the price of a Lego set with 6000 pieces? O No, we cannot mak

Post by answerhappygod »

Can We Use The Regression Equation To Meaningfully Predict The Price Of A Lego Set With 6000 Pieces O No We Cannot Mak 1
Can We Use The Regression Equation To Meaningfully Predict The Price Of A Lego Set With 6000 Pieces O No We Cannot Mak 1 (48.17 KiB) Viewed 21 times
Can we use the regression equation to meaningfully predict the price of a Lego set with 6000 pieces? O No, we cannot make a meaningful prediction because the correlation does not equal 1 or -1. O No, we cannot make a meaningful prediction because a Lego set with 6000 pieces is outside the range of our data. We would be extrapolating. Yes, we can make a meaningful prediction because the scatterplot shows a linear relationship Yes, we can always make meaningful predictions once we have a regression equation.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”