Consider a regression analysis with n=51 and four potential independent variables. Suppose that one of the independent variables has a correlation of 0.49 with the dependent variable. Does this imply that this independent variable will have a very small Student's t statistic in the regression analysis with all four predictor variables? Choose all that apply. A. The correlation between the independent variable and the dependent variable could result in a very small Student's t statistic as the correlation creates a high variance. B. Correlation between the independent variable and the dependent variable is not necessarily evidence of a small Student's t statistic. C. A high correlation among the independent variables could result in a very small Student's t statistic as the correlation increases the coefficient standard errors. D. Correlation between the independent variable and the dependent variable is evidence of a small Student's t statistic.

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Consider a regression analysis with n= 51 and four potential independent variables. Suppose that one of the independent variables has a correlation of 0.49
with the dependent variable. Does this imply that this independent variable will have a very small Student's t statistic in the regression analysis with all four
predictor variables?
Choose all that apply.
A. The correlation between the independent variable and the dependent variable could result in a very small Student's t statistic as the correlation
creates a high variance.
B. Correlation between the independent variable and the dependent variable is not necessarily evidence of a small Student's t statistic.
C. A high correlation among the independent variables could result in a very small Student's t statistic as the correlation increases the coefficient
standard errors.
D. Correlation between the independent variable and the dependent variable is evidence of a small Student's t statistic.
Transcribed Image Text:Consider a regression analysis with n= 51 and four potential independent variables. Suppose that one of the independent variables has a correlation of 0.49 with the dependent variable. Does this imply that this independent variable will have a very small Student's t statistic in the regression analysis with all four predictor variables? Choose all that apply. A. The correlation between the independent variable and the dependent variable could result in a very small Student's t statistic as the correlation creates a high variance. B. Correlation between the independent variable and the dependent variable is not necessarily evidence of a small Student's t statistic. C. A high correlation among the independent variables could result in a very small Student's t statistic as the correlation increases the coefficient standard errors. D. Correlation between the independent variable and the dependent variable is evidence of a small Student's t statistic.
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