Deck 15: Multiple Regression

Question 1

A multiple regression model has the form = 7 + 2 x₁ + 9 x₂ As x₁ increases by 1 unit (holding x₂ constant), is expected to

A)increase by 9 units
B)decrease by 9 units
C)increase by 2 units
D)decrease by 2 units

Answer 1

C

Question 2

A variable that takes on the values of 0 or 1 and is used to incorporate the effect of qualitative variables in a regression model is called

A)an interaction
B)a constant variable
C)a dummy variable
D)None of these alternatives is correct.

Answer 2

C

Question 3

In regression analysis, an outlier is an observation whose

A)mean is larger than the standard deviation
B)residual is zero
C)mean is zero
D)residual is much larger than the rest of the residual values

Answer 3

D

Question 4

The numerical value of the coefficient of determination

A)is always larger than the coefficient of correlation
B)is always smaller than the coefficient of correlation
C)is negative if the coefficient of determination is negative
D)can be larger or smaller than the coefficient of correlation

Question 5

The correct relationship between SST, SSR, and SSE is given by

A)SSR = SST + SSE
B)SSR = SST - SSE
C)SSE = SSR - SST
D)None of these alternatives is correct.

Question 6

In order to test for the significance of a regression model involving 3 independent variables and 47 observations, the numerator and denominator degrees of freedom (respectively) for the critical value of F are

A)47 and 3
B)3 and 47
C)2 and 43
D)3 and 43

Question 7

Exhibit 15-1
In a regression model involving 44 observations, the following estimated regression equation was obtained. = 29 + 18x₁ +43x₂ + 87x₃
For this model SSR = 600 and SSE = 400.
Refer to Exhibit 15-1. MSR for this model is

A)200
B)10
C)1,000
D)43

Question 8

A regression model involved 5 independent variables and 126 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have

A)131 degrees of freedom
B)125 degrees of freedom
C)130 degrees of freedom
D)4 degrees of freedom

Question 9

For a multiple regression model, SSR = 600 and SSE = 200. The multiple coefficient of determination is

A)0.333
B)0.275
C)0.300
D)0.75

Question 10

Exhibit 15-1
In a regression model involving 44 observations, the following estimated regression equation was obtained. = 29 + 18x₁ +43x₂ + 87x₃
For this model SSR = 600 and SSE = 400.
Refer to Exhibit 15-1. The coefficient of determination for the above model is

A)0.667
B)0.600
C)0.336
D)0.400

Question 11

In a multiple regression model, the error term $\varepsilon$ is assumed to be a random variable with a mean of

A)zero
B)-1
C)1
D)any value

Question 12

A measure of goodness of fit for the estimated regression equation is the

A)multiple coefficient of determination
B)mean square due to error
C)mean square due to regression
D)sample size

Question 13

In regression analysis, the response variable is the

A)independent variable
B)dependent variable
C)slope of the regression function
D)intercept

Question 14

As the goodness of fit for the estimated multiple regression equation increases,

A)the value of the adjusted multiple coefficient of determination decreases
B)the value of the regression equation's constant b₀ decreases
C)the value of the multiple coefficient of determination increases
D)the value of the correlation coefficient increases

Question 15

If a qualitative variable has k levels, the number of dummy variables required is

A)k - 1
B)k
C)k + 1
D)2k

Question 16

A multiple regression model has

A)only one independent variable
B)more than one dependent variable
C)more than one independent variable
D)at least 2 dependent variables

Question 17

In a multiple regression analysis involving 15 independent variables and 200 observations, SST = 800 and SSE = 240. The coefficient of determination is

A)0.300
B)0.192
C)0.500
D)0.700

Question 18

A variable that cannot be measured in terms of how much or how many but instead is assigned values to represent categories is called

A)an interaction
B)a constant variable
C)a category variable
D)a qualitative variable

Question 19

The multiple coefficient of determination is

A)MSR/MST
B)MSR/MSE
C)SSR/SST
D)SSE/SSR

Question 20

Exhibit 15-1
In a regression model involving 44 observations, the following estimated regression equation was obtained. = 29 + 18x₁ +43x₂ + 87x₃
For this model SSR = 600 and SSE = 400.
Refer to Exhibit 15-1. The computed F statistics for testing the significance of the above model is

A)1.500
B)20.00
C)0.600
D)0.6667

Question 21

Exhibit 15-3
In a regression model involving 30 observations, the following estimated regression equation was obtained: = 17 + 4x₁ - 3x₂ + 8x₃ + 8x₄
For this model SSR = 700 and SSE = 100.
Refer to Exhibit 15-3. The coefficient of determination for the above model is approximately

A)-0.875
B)0.875
C)0.125
D)0.144

Question 22

Exhibit 15-2
A regression model between sales (y in $1,000), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 - 3x₁ + 5x₂
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
Refer to Exhibit 15-2. If we want to test for the significance of the regression model, the critical value of F at 95% confidence is

A)3.68
B)3.29
C)3.24
D)4.54

Question 23

Exhibit 15-2
A regression model between sales (y in $1,000), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 - 3x₁ + 5x₂
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
Refer to Exhibit 15-2. If SSR = 600 and SSE = 300, the test statistic F is

A)2.33
B)0.70
C)17.5
D)1.75

Question 24

Exhibit 15-2
A regression model between sales (y in $1,000), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 - 3x₁ + 5x₂
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
Refer to Exhibit 15-2. The coefficient of x₂ indicates that if television advertising is increased by $1 (holding the unit price constant), sales are expected to

A)increase by $5
B)increase by $12,000
C)increase by $5,000
D)decrease by $2,000

Question 25

Exhibit 15-2
A regression model between sales (y in $1,000), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 - 3x₁ + 5x₂
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
Refer to Exhibit 15-2. The coefficient of the unit price indicates that if the unit price is

A)increased by $1 (holding advertising constant), sales are expected to increase by $3
B)decreased by $1 (holding advertising constant), sales are expected to decrease by $3
C)increased by $1 (holding advertising constant), sales are expected to increase by $4,000
D)increased by $1 (holding advertising constant), sales are expected to decrease by $3,000

Question 26

Exhibit 15-3
In a regression model involving 30 observations, the following estimated regression equation was obtained: = 17 + 4x₁ - 3x₂ + 8x₃ + 8x₄
For this model SSR = 700 and SSE = 100.
Refer to Exhibit 15-3. The critical F value at 95% confidence is

A)2.53
B)2.69
C)2.76
D)2.99

Question 27

Exhibit 15-3
In a regression model involving 30 observations, the following estimated regression equation was obtained: = 17 + 4x₁ - 3x₂ + 8x₃ + 8x₄
For this model SSR = 700 and SSE = 100.
Refer to Exhibit 15-3. The computed F statistic for testing the significance of the above model is

A)43.75
B)0.875
C)50.19
D)7.00

Question 28

In multiple regression analysis, the correlation among the independent variables is termed

A)homoscedasticity
B)linearity
C)multicollinearity
D)adjusted coefficient of determination

Question 29

In a multiple regression analysis SSR = 1,000 and SSE = 200. The F statistic for this model is

A)5.0
B)1,200
C)800
D)Not enough information is provided to answer this question.

Question 30

In order to test for the significance of a regression model involving 14 independent variables and 255 observations, the numerator and denominator degrees of freedom (respectively) for the critical value of F are

A)14 and 255
B)255 and 14
C)13 and 240
D)14 and 240

Question 31

In a multiple regression model, the values of the error term , $\varepsilon$ , are assumed to be

A)zero
B)dependent on each other
C)independent of each other
D)always negative

Question 32

In a multiple regression model, the variance of the error term $\varepsilon$ is assumed to be

A)the same for all values of the dependent variable
B)zero
C)the same for all values of the independent variable
D)-1

Question 33

In multiple regression analysis,

A)there can be any number of dependent variables but only one independent variable
B)there must be only one independent variable
C)the coefficient of determination must be larger than 1
D)there can be several independent variables, but only one dependent variable

Question 34

The adjusted multiple coefficient of determination is adjusted for

A)the number of dependent variables
B)the number of independent variables
C)the number of equations
D)detrimental situations

Question 35

Exhibit 15-3
In a regression model involving 30 observations, the following estimated regression equation was obtained: = 17 + 4x₁ - 3x₂ + 8x₃ + 8x₄
For this model SSR = 700 and SSE = 100.
Refer to Exhibit 15-3. The conclusion is that the

A)model is not significant
B)model is significant
C)slope of x₁ is significant
D)slope of x₂ is significant

Question 36

A regression analysis involved 17 independent variables and 697 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have

A)696 degrees of freedom
B)16 degrees of freedom
C)713 degrees of freedom
D)714 degrees of freedom

Question 37

The ratio of MSE/MSR yields

A)SST
B)the F statistic
C)SSR
D)None of these alternatives is correct.

Question 38

Exhibit 15-2
A regression model between sales (y in $1,000), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 - 3x₁ + 5x₂
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
Refer to Exhibit 15-2. The multiple coefficient of determination for this problem is

A)0.4368
B)0.6960
C)0.3040
D)0.2289

Question 39

In a multiple regression analysis involving 12 independent variables and 166 observations, SSR = 878 and SSE = 122. The coefficient of determination is

A)0.1389
B)0.1220
C)0.878
D)0.7317

Question 40

In a multiple regression model, the error term $\varepsilon$ is assumed to

A)have a mean of 1
B)have a variance of zero
C)have a standard deviation of 1
D)be normally distributed

Question 41

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The interpretation of the coefficient of x₁ is that

A)a one unit change in x₁ will lead to a 3.682 unit decrease in y
B)a one unit increase in x₁ will lead to a 3.682 unit decrease in y when all other variables are held constant
C)a one unit increase in x₁ will lead to a 3.682 unit decrease in x₂ when all other variables are held constant
D)It is impossible to interpret the coefficient.

Question 42

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The degrees of freedom for the sum of squares explained by the regression (SSR) are

A)2
B)3
C)13
D)15

Question 43

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.

-Refer to Exhibit 15-6. The estimated regression equation is

A)y = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\varepsilon$
B)E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂
C)= 12.924 - 3.682 x₁ + 45.216 x₂
D)= 4.425 + 2.63 x₁ + 12.56 x₂

Question 44

Exhibit 15-4
a.y = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\varepsilon$
b.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂
c.= b_o + b₁ x₁ + b₂ x₂
d.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂

-Refer to Exhibit 15-4. Which equation describes the multiple regression model?

A)equation a
B)equation b
C)equation c
D)equation d

Question 45

Exhibit 15-4
a.y = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\varepsilon$
b.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂
c.= b_o + b₁ x₁ + b₂ x₂
d.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂

-Refer to Exhibit 15-4. Which equation gives the estimated regression line?

A)equation a
B)equation b
C)equation c
D)equation d

Question 46

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
A term used to describe the case when the independent variables in a multiple regression model are correlated is

A)regression
B)correlation
C)multicollinearity
D)None of the alternative answers are correct.

Question 47

Exhibit 15-5
Below you are given a partial Excel output based on a sample of 25 observations.

-Refer to Exhibit 15-5. We want to test whether the parameter $\beta$ ₁ is significant. The test statistic equals

A)0.357
B)2.8
C)14
D)1.96

Question 48

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The t value obtained from the table which is used to test an individual parameter at the 1% level is

A)2.65
B)2.921
C)2.977
D)3.012

Question 49

Exhibit 15-5
Below you are given a partial Excel output based on a sample of 25 observations.

-Refer to Exhibit 15-5. Carry out the test of significance for the parameter $\beta$ ₁ at the 5% level. The null hypothesis should be

A)rejected
B)not rejected
C)revised
D)None of these alternatives is correct.

Question 50

Exhibit 15-4
a.y = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\varepsilon$
b.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂
c.= b_o + b₁ x₁ + b₂ x₂
d.E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂

-Refer to Exhibit 15-4. Which equation describes the multiple regression equation?

A)equation a
B)equation b
C)equation c
D)equation d

Question 51

Exhibit 15-5
Below you are given a partial Excel output based on a sample of 25 observations.
Refer to Exhibit 15-5. The interpretation of the coefficient on x₁ is that

A)a one unit change in x₁ will lead to a 25.625 unit change in y
B)a one unit change in x₁ will lead to a 25.625 unit increase in y when all other variables are held constant
C)a one unit change in x₁ will lead to a 25.625 unit increase in x₂ when all other variables are held constant
D)It is impossible to interpret the coefficient.

Question 52

Exhibit 15-5
Below you are given a partial Excel output based on a sample of 25 observations.

-Refer to Exhibit 15-5. The estimated regression equation is

A)y = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\beta$ ₃x₃ + $\varepsilon$
B)E(y) = $\beta$ ₀ + $\beta$ ₁x₁ + $\beta$ ₂x₂ + $\beta$ ₃x₃
C)= 145.321 + 25.625x₁ - 5.720x₂ + 0.823x₃
D)= 48.682 + 9.15x₁ + 3.575x₂ + 0.183x₃

Question 53

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. Carry out the test to determine if there is a relationship among the variables at the 5% level. The null hypothesis should

A)be rejected
B)not be rejected
C)revised
D)None of these alternatives is correct.

Question 54

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The sum of squares due to error (SSE) equals

A)37.33
B)485.3
C)4,853
D)6,308.9

Question 55

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.

-Refer to Exhibit 15-6. Carry out the test of significance for the parameter $\beta$ ₁ at the 1% level. The null hypothesis should be

A)rejected
B)not rejected
C)revised
D)None of these alternatives is correct.

Question 56

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The test statistic used to determine if there is a relationship among the variables equals

A)-1.4
B)0.2
C)0.77
D)5

Question 57

Exhibit 15-5
Below you are given a partial Excel output based on a sample of 25 observations.
Refer to Exhibit 15-5. The t value obtained from the table to test an individual parameter at the 5% level is

A)2.06
B)2.069
C)2.074
D)2.080

Question 58

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
A regression model in which more than one independent variable is used to predict the dependent variable is called

A)a simple linear regression model
B)a multiple regression model
C)an independent model
D)None of these alternatives is correct.

Question 59

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.

-Refer to Exhibit 15-6. We want to test whether the parameter $\beta$ ₁ is significant. The test statistic equals

A)-1.4
B)1.4
C)3.6
D)5

Question 60

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
Refer to Exhibit 15-6. The F value obtained from the table used to test if there is a relationship among the variables at the 5% level equals

A)3.41
B)3.63
C)3.81
D)19.41

Question 61

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The estimated income of a 30-year-old male is

A)$51,000
B)$5,100
C)$510
D)$51

Question 62

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
A multiple regression model has the form = 5 + 6x + 7w As x increases by 1 unit (holding w constant), y is expected to

A)increase by 11 units
B)decrease by 11 units
C)increase by 6 units
D)decrease by 6 units

Question 63

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
In a multiple regression analysis involving 10 independent variables and 81 observations, SST = 120 and SSE = 42. The coefficient of determination is

A)0.81
B)0.11
C)0.35
D)0.65

Question 64

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The yearly income of a 24-year-old female individual is

A)$19.80
B)$19,800
C)$49.80
D)$49,800

Question 65

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. From the above function, it can be said that the expected yearly income of

A)males is $3 more than females
B)females is $3 more than males
C)males is $3,000 more than females
D)females is $3,000 more than males

Question 66

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The yearly income of a 24-year-old male individual is

A)$13.80
B)$13,800
C)$46,800
D)$49,800

Question 67

Exhibit 15-7
A regression model involving 4 independent variables and a sample of 15 periods resulted in the following sum of squares.SSR = 165
SSE = 60
Refer to Exhibit 15-7. The coefficient of determination is

A)0.3636
B)0.7333
C)0.275
D)0.5

Question 68

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
In order to test for the significance of a regression model involving 4 independent variables and 36 observations, the numerator and denominator degrees of freedom (respectively) for the critical value of F are

A)4 and 36
B)3 and 35
C)4 and 31
D)4 and 32

Question 69

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
A regression analysis involved 6 independent variables and 27 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have

A)27 degrees of freedom
B)26 degrees of freedom
C)21 degrees of freedom
D)20 degrees of freedom

Question 70

Exhibit 15-7
A regression model involving 4 independent variables and a sample of 15 periods resulted in the following sum of squares.SSR = 165
SSE = 60
Refer to Exhibit 15-7. If we want to test for the significance of the model at 95% confidence, the critical F value (from the table) is

A)3.06
B)3.48
C)3.34
D)3.11

Question 71

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
In order to test for the significance of a regression model involving 8 independent variables and 121 observations, the numerator and denominator degrees of freedom (respectively) for the critical value of F are

A)8 and 121
B)7 and 120
C)8 and 112
D)7 and 112

Question 72

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The multiple coefficient of determination is

A)0.32
B)0.42
C)0.68
D)0.50

Question 73

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
In a multiple regression analysis involving 5 independent variables and 30 observations, SSR = 360 and SSE = 40. The coefficient of determination is

A)0.80
B)0.90
C)0.25
D)0.15

Question 74

Exhibit 15-7
A regression model involving 4 independent variables and a sample of 15 periods resulted in the following sum of squares.SSR = 165
SSE = 60
Refer to Exhibit 15-7. The test statistic from the information provided is

A)2.110
B)3.480
C)4.710
D)6.875

Question 75

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The test statistic for testing the significance of the model is

A)0.73
B)1.47
C)28.69
D)5.22

Question 76

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
A regression model involved 18 independent variables and 200 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have

A)18 degrees of freedom
B)200 degrees of freedom
C)199 degrees of freedom
D)181 degrees of freedom

Question 77

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
For a multiple regression model, SST = 200 and SSE = 50. The multiple coefficient of determination is

A)0.25
B)4.00
C)250
D)0.75

Question 78

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
A variable that cannot be measured in numerical terms is called

A)a nonmeasurable random variable
B)a constant variable
C)a dependent variable
D)a qualitative variable

Question 79

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. If we want to test for the significance of the model, the critical value of F at a 5% significance level is

A)3.33
B)3.35
C)3.34
D)2.96

Question 80

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
Refer to Exhibit 15-8. The model

A)is significant
B)is not significant
C)would be significant is the sample size was larger than 30
D)None of these alternatives is correct.