Refer to Exercise 16.7. Apply the three methods of assessing the model to determine how well the linear model fits.
Answer to relevant QuestionsIs there enough evidence to infer that age and the amount of time needed to complete the questionnaire are linearly related in Exercise 16.8?Is there enough evidence to infer that as the number of hours of engine use increases, the price decreases in Exercise 16.13?Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?Does one’s income (INCOME) affect his or her position on the question, Should the government reduce income differences between rich and poor (EQWLTH: 1 = Government should reduce income differences; 2, 3, 4, 5, 6, 7 = No ...An economic theory suggests that as people become richer they tend to have more children. Analyze the relationship between income (INCOME) and number of children (CHILDS) to test the theory.
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