Question: Which independent variable can be omitted based on the smallest t Stat value ( in terms of absolute value ) SUMMARY OUTPUT Regression Statistics Multiple

Which independent variable can be omitted based on thesmallestt Stat value (in terms of absolute value)

Which independent variable can be omitted based on thesmallestt Stat value (in

SUMMARY OUTPUT Regression Statistics Multiple R 0.737267794 R Square 0.5435638 Adjusted R Square 0.542713373 Standard Error 4.118794821 Observations 3765 ANOVA df SS MS F Significance F Regression 7 75901.77912 10843.1113 639.1659042 0 Residual 3757 63735.51671 16.96447078 Total 3764 139637.2958 Independent variable Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 99.0% Upper 99.0% pctBacon -0.689791991 0.020855245 -33.07522837 8.8627E-211 -0.730680693 -0.648903289 -0.743538847 -0.636045135 pctWhiteCollar 25.6393074 0.929466965 -27.58495822 1.0866E-152 -27.46161626 -23.81699855 -28.03467257 -23.24394224 pctLatinoPop -6.698912781 0.497141968 -13.47484866 1.88643E-40 -7.673607142 -5.724218421 -7.98011652 -5.417709043 pctBlueCollar -16.35217982 1.667188427 -9.808237368 1.92526E-22 -19.62086214 -13.08349751 -20.64875542 -12.05560423 Intercept 31.39787728 2.215347523 14.17289023 1.84999E-44 27.05447664 35.74127791 25.68861974 37.10713482 pctBlackPop 15.31439158 0.88414287 17.32117297 1.00007E-64 13.58094495 17.04783821 13.03583289 17.59295026 pctWhitePop 20.71421646 0.79334182 26.11007757 3.0424E-138 19.15879397 22.26963895 18.66966466 22.75876826 pctChickBreast 0.815354961 0.022486424 36.25987668 4.0077E-247 0.771268176 0.859441745 0.75740433 0.873305591

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