Question

This table gives further details of the multiple regression estimated in Exercise 31. Assume that the MRM satisfies the conditions for using this model for inference.
(a) Fill in the t-statistics.
(b) Estimate the p-values using the Empirical Rule. Only rough estimates are needed.
(c) Does the addition of Distance to a simple regression using only population as an explanatory variable produce a statistically significant increase in R2?
(d) If the population of a city were to grow by 10,000, on average what effect would this growth have on revenue? Give a range, rounded to presentation precision.


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  • CreatedJuly 14, 2015
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