An analysis results in a multiple regression equation of y' = 73 + 24x₁+ 7x₂. We can conclude that A) The variable x₁ is a very significant factor in this model. B) The variable x₁ is a moderately significant factor in this model. C) The variable x₁ is not a significant factor in this model. D) This is insufficient information to assess the significance of x₁.

Question

Quizplus · Accepted Answer

The regression coefficients alone do not provide information about the statistical significance of the variables. Significance is determined by p-values or confidence intervals, which are not provided here.

An Analysis Results in a Multiple Regression Equation of Y