Suppose we have the following data on a dependent variable (Y) and a single explanatory variable (X): XY 0 20 5 40 10 90 Is the simple regression model derived from this data a good or bad model (assume a 0.05 level of significance)? Good Bad

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Suppose we have the following data on a dependent variable (Y) and a single
explanatory variable (X):
ΧΥ
0 20
5 40
10 90
Is the simple regression model derived from this data a good or bad model (assume a
0.05 level of significance)?
Good
Bad
Transcribed Image Text:Suppose we have the following data on a dependent variable (Y) and a single explanatory variable (X): ΧΥ 0 20 5 40 10 90 Is the simple regression model derived from this data a good or bad model (assume a 0.05 level of significance)? Good Bad
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