3
QuizMultiple Choice
Regression Models
Question 3 of 10 • (CR27) ALG 1-1200310-S2-Degele-VOL7006P
Jessica plots the data points relating the amount of money she needs to repay a loan and the number of months she has been making payments. She calculates two regression models. Which is true?
Answer
A
The linear model better represents the situation because the amount she owes is decreasing by about the same amount every 6 months.B
The linear model better represents the situation because according to the exponential model, the repayment amount will never be 0.C
The exponential model better represents the situation because the amount she owes decreases by about the same amount every 6 months.D
The exponential model better represents the situation because according to the linear model, the repayment amount will eventually be negative.