Question: a-d based on equation 10.3.10 Reconsider the previous three exercises and the Legos data file. The equation of the least squares line turns out to

a-d based on equation

10.3.10 Reconsider the previous three exercises and the Legos data file. The equation of the least squares line turns out to be price = 4.86 + 0.105 X pieces, and the value of 72 = 0.949. Identify which of the following interpretations are correct, which are incorrect, and which are correct but incomplete or poorly worded. a. 10.50% of the variability in prices is explained by the least squares line with number of pieces. b. 94.90% of the variability in prices is explained by the least squares line with number of pieces. c. 94.90% of the prices fall on the least squares line based on number of pieces. d. The least squares line correctly predicts the price for 94.90% of the Lego products

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