Question

Question 13 (1 point)

A trucking company considered a multiple regression model for relating the dependent variable of total daily travel time for one of its drivers (hours) to the predictors distance traveled (miles) and the number of deliveries of made. After taking a random sample, a multiple regression was performed and the output is given below. Interpret the slope of the distance variable.

Question 13 options:

	1) When distance increases by 1 miles, time decreases by 1.18 hours, holding all other variables constant.
	2) We do not have enough information to say.
	3) When distance decreases by 1 miles, time increases by 1.18 hours, holding all other variables constant.
	4) When distance increases by 1.18 miles, time increases by 1 hour, holding all other variables constant.
	5) When distance increases by 1 miles, time increases by 1.18 hours, holding all other variables constant.

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Answer 1

Slope coefficient of distance = 1.18

Hence,

Correct interpretation will be:

When distance increases by 1 miles, time increases by 1.18 hours, holding all other variables constant.

Option 5) is correct.