šider the multiple regression model shown below. This model was based on a sample size of 20 observations. Ý = 33 + 8X1 - 6X2 + 16X3 + 18X4 Suppose the standard error of the coefficient for X3 = 10 (Sp = 10). At the 5% level of significance, what can we conclude when evaluating for significance of X3? %3D %3D X3 is a significant predictor and should be kept in the model O X3 is not a significant predictor and should be dropped from the model There is not enough information provided to make any conclusions

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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Consider the multiple regression model shown below. This model was based on a
sample size of 20 observations.
Ý = 33 + 8X1 - 6X2 + 16X3 + 18X4
Suppose the standard error of the coefficient for X3 = 10 (s, = 10). At the 5% level of
%3D
significance, what can we conclude when evaluating for significance of X3?
X3 is a significant predictor and should be kept in the model
O X3 is not a significant predictor and should be dropped from the model
There is not enough information provided to make any conclusions
Transcribed Image Text:Consider the multiple regression model shown below. This model was based on a sample size of 20 observations. Ý = 33 + 8X1 - 6X2 + 16X3 + 18X4 Suppose the standard error of the coefficient for X3 = 10 (s, = 10). At the 5% level of %3D significance, what can we conclude when evaluating for significance of X3? X3 is a significant predictor and should be kept in the model O X3 is not a significant predictor and should be dropped from the model There is not enough information provided to make any conclusions
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