Consider the following regression output: logy = 2.19 + 0.33logX1 – 0.61logX, + 0.15logX; + 0.09logX4 (0.58) (0.16) (0.07) (0.14) (0.20) tandard errors are in parentheses. = = 0.975

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A: Let's find function is linear or quadratic.

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A: Given: Mean years of service = 14.88889

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.