First Capital Mortgage would like to predict the quantity of paper used in the office photocopying machines per month ba

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First Capital Mortgage would like to predict the quantity of
paper used in the office photocopying machines per month based on
the number of loans originated in a month. The monthly data shown
below resulted in the regression equation:
y-hat = 7.5 + .325x
Loans Originated
Sheets of Paper (1,000s)
Loans Originated
Sheets of Paper (1,000s)
45
22
40
21
25
13
25
16
50
24
35
18
60
25
40
25
The correct interpretation of b1 in the
regression equation is:
Group of answer choices
for each additional .325 new loans originated, 1000 additional
sheets of paper are used
for each additional 1000 sheets of paper, .325 new loans are
originated
for each additional sheet of paper, .325 new loans are
originated
for each additional new loan originated, 325 sheets of paper are
used
The correct interpretation of b0 in the
regression equation is:
Group of answer choices
c. for a month with zero new loans, the expected number of
sheets of paper used is 7,500
d. for a month with 100 new loans, the expected number of sheets
of paper used is 7,325
b. for a month with 1000 new loans, .325 new loans are
processed
a. for a month with zero new loans, the expected number of
sheets of paper used is 325
When 38 new loans are originated in a month,
Group of answer choices
the number of sheets of paper used is expected to be 19,850
the number of sheets of paper used is expected to be 7,825
the number of sheets of paper used is expected to be 325
the number of sheets of paper used is expected to be 7,500