Solved

Exhibit 14-10

Question 97

Multiple Choice

Exhibit 14-10.A sociologist examines the relationship between the poverty rate and several socioeconomic factors.For the 50 states and the District of Columbia (n = 51) ,he collects data on the poverty rate (y,in %) ,the percent of the population with at least a high school education (x1) ,median income (x2,in $1000s) ,and the mortality rate per 1,000 residents (x3) .He estimates the following model: Exhibit 14-10.A sociologist examines the relationship between the poverty rate and several socioeconomic factors.For the 50 states and the District of Columbia (n = 51) ,he collects data on the poverty rate (y,in %) ,the percent of the population with at least a high school education (x<sub>1</sub>) ,median income (x<sub>2</sub>,in $1000s) ,and the mortality rate per 1,000 residents (x<sub>3</sub>) .He estimates the following model: .The following table shows a portion of the regression results. Notes: Data obtained from the Statistical Abstract of the US for the year 2007. Refer to Exhibit 14-10.The coefficient of determination indicates that A) 14% of the variation in the poverty rate is explained by the regression model. B) 14% of the variation in the regression model is explained by the variation in the poverty rate. C) 86% of the variation in the poverty rate is explained by the regression model. D) 86% of the variation in the regression model is explained by the variation in the poverty rate. .The following table shows a portion of the regression results. Exhibit 14-10.A sociologist examines the relationship between the poverty rate and several socioeconomic factors.For the 50 states and the District of Columbia (n = 51) ,he collects data on the poverty rate (y,in %) ,the percent of the population with at least a high school education (x<sub>1</sub>) ,median income (x<sub>2</sub>,in $1000s) ,and the mortality rate per 1,000 residents (x<sub>3</sub>) .He estimates the following model: .The following table shows a portion of the regression results. Notes: Data obtained from the Statistical Abstract of the US for the year 2007. Refer to Exhibit 14-10.The coefficient of determination indicates that A) 14% of the variation in the poverty rate is explained by the regression model. B) 14% of the variation in the regression model is explained by the variation in the poverty rate. C) 86% of the variation in the poverty rate is explained by the regression model. D) 86% of the variation in the regression model is explained by the variation in the poverty rate. Notes: Data obtained from the Statistical Abstract of the US for the year 2007. Refer to Exhibit 14-10.The coefficient of determination indicates that


A) 14% of the variation in the poverty rate is explained by the regression model.
B) 14% of the variation in the regression model is explained by the variation in the poverty rate.
C) 86% of the variation in the poverty rate is explained by the regression model.
D) 86% of the variation in the regression model is explained by the variation in the poverty rate.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q92: A sample of 30 observations provides the

Q93: Exhibit 14-7.Assume you ran a multiple regression

Q94: Exhibit 14-9.When estimating Exhibit 14-9.When</p></div><svg width=

Q95: Exhibit 14-6.A manager at a local bank

Q96: Consider the following sample data:

Q98: Exhibit 14-8.An real estate analyst believes that

Q99: Exhibit 14-9.When estimating Exhibit 14-9.When</p></div><svg width=

Q100: Exhibit 14-9.When estimating Exhibit 14-9.When</p></div><svg width=

Q101: The following ANOVA table was obtained when

Q102: A researcher analyzes the relationship between amusement

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents