Exhibit 13-5 Below you are given a partial Minitab output based on a sample of 25 observations. -Refer to Exhibit 13-5. 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

Quizplus · Accepted Answer

The coefficient on X₁ represents the change in Y associated with a one unit change in X₁ when all other variables in the model are held constant. Therefore, choice B accurately describes the interpretation of the coefficient.

Exhibit 13-5 Below You Are Given a Partial Minitab Output Based on Based