Inspection of the Following Table of T Values for Variables

question 26

Multiple Choice

Inspection of the following table of t values for variables in a multiple regression analysis reveals that the first independent variable that will be entered into the regression model by the forward selection procedure will be ___________. $$\begin{array} { | c | c | c | c | c | c | c | } \hline & y & x _ { 1 } & x _ { 2 } & x _ { 3 } & x _ { 4 } & x _ { 5 } \\\hline y & 1 & & & & & \\\hline x _ { 1 } & 0.854168 & 1 & & & & \\\hline x _ { 2 } & - 0.11828 & - 0.00383 & 1 & & & \\\hline x _ { 3 } & - 0.12003 & - 0.08499 & - 0.14523 & 1 & & \\\hline x _ { 4 } & 0.525901 & 0.118169 & - 0.14876 & 0.050042 & 1 & \\\hline x _ { 5 } & - 0.18105 & - 0.07371 & 0.995886 & - 0.14151 & - 0.16934 & 1 \\\hline\end{array}$$

• A)x₁
• B)x₂
• C)x₃
• D)x₄
• E)x₅

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Definitions:

Lot Size

The number of units of a product that are manufactured or delivered in one batch, affecting inventory and production strategies.

Economic Production Lot Size

The optimal quantity of goods to produce in a single batch that minimizes the total production and holding costs.

Holding Cost

The expense of storing unsold goods, including warehousing, insurance, and depreciation costs.

Order Cost

Expenses related to making and processing an order for goods or services, encompassing production, procurement, and administrative costs.