The inferences that link sample characteristics and population parameters are estimation procedures and tests of hypotheses

An affirmation of the value of goods creates an express warranty

Indicate whether the statement is true or false

In a study of 30 customers' utility bills in which the monthly bill was the dependent variable and the number of square feet in the house is the independent variable, the resulting regression model is = 23.40 + 0.04x

Given this model, for a customer with a 2,000 square foot house and a monthly utility bill equal to $100.00, the residual from the regression model is approximately -$3.40. Indicate whether the statement is true or false