The three true statements regarding the linear regression model represented by the equation are : A, D and E
Given the expression y = 273x + 4500
Comparing to a linear regression model ;
- y = total amount raised from ticket sales
- The variable x represents the amount at which the 273, tickets are being sold
- 4500 represents the value of the intercept, which can be interpreted to the amount unrelated to ticket sales, that is amount available when the number of tickets sold is ZERO.
- 273x represents the amount realized from the sale of the 273 tickets only.
Therefore, the only true statements from the given options are A, D and E
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