Question: Work shown is not required, thank you. Question 11 (1 point) Suppose that for a typical FedEx package delivery, the cost of the shipment is

Work shown is not required, thank you.

Work shown is not required, thank you. Question 11 (1 point) Suppose

Question 11 (1 point) Suppose that for a typical FedEx package delivery, the cost of the shipment is a function of the weight of the package measured in ounces. You want to try to predict the cost of a typical shipment given package dimensions. If 10 packages in a city are sampled and the regression output is given below, what can we conclude about the slope of weight? Predictor Coef Stdev t-ratio P Constant 8.236 6. 8061 1 . 21 0. 2608 weight 0 . 695 0 . 3009 2 . 31 0 . 0498 4. 186 R-sq = 39. 998 R-sq (adj ) = 32 . 49% Analysis of Variance SOURCE DE SS MS F P Regression 93 . 4 93 . 4 5. 33 0 . 0498 Error 140 .2 17 . 5 Total 233 . 6 1) Since we are not given the dataset, we do not have enough information to determine if the slope differs from 0. 2) Not enough evidence was found to conclude the slope differs significantly from 0. ( 3) The slope is 0.695 and therefore differs from 0. ( 4) The slope is equal to O. 5) The slope significantly differs from 0

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