Question: Is the independent variable, Expense 1, significant at the 4% level of significance? SUMMARY OUTPUT Regression Statistics Multiple R 0.9509 R Square 0.9043 Adjusted R


Is the independent variable, "Expense 1", significant at the 4% level of significance? SUMMARY OUTPUT Regression Statistics Multiple R 0.9509 R Square 0.9043 Adjusted R Square 0.8769 Standard Error 0.5717 Observations 10 Standard P-Value Coefficients Error Intercept 0.0106 0.8522 0.9904 Expense 1 0.0541 0.0087 0.040342 Expense 2 0.7763 0.2256 0.010716 Expense 3 1.2385 0.4625 0.024182 Yes, because the standard error of the model is 0.5717 No, because the R-Square of the model is > = 0.04 No, because the p-value of "Expense 1" is > = 0.04 Yes, because the p-value of "Expense 1" is
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
