If a Variable Is Removed from the Regression Model When

question 51

Multiple Choice

If a variable is removed from the regression model when the t-statistic is lesser than 1,________.

• A)the standard error will decrease
• B)the p-value will increase
• C)the Adjusted R² will decrease
• D)the Multiple R will increase

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Definitions:

Average Fixed Costs

Average fixed costs are calculated by dividing the total fixed costs by the quantity of output produced, showing cost per unit.

MC Curves

Marginal Cost Curves, which illustrate how the cost of producing one additional unit of a good varies as the quantity of production changes.

Gasoline Prices

The cost per unit volume of gasoline, which fluctuates based on factors like crude oil prices, taxes, demand, and supply.

Distribute Products

Distributing products involves the process of making goods available to consumers through various channels, including retail locations, online platforms, and distribution centers, ensuring accessibility to the target market.