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Exhibit 13-5
Below you are given a partial Minitab output based on a sample of 25 observations.
-Refer to Exhibit 13-5. The interpretation of the coefficient on X1 is that
Retirees Living In Poverty
Describes elderly individuals who receive insufficient income from pensions or savings to meet basic living costs.
2008
A reference to the year, notable for the global financial crisis triggered by the collapse of the housing bubble in the United States.
Public Assistance
Government programs designed to provide financial aid, support, and services to individuals and families in need.
Medicare
Medicare is a federal health insurance program in the United States primarily for people aged 65 and older, but also available to certain younger people with disabilities and individuals with End-Stage Renal Disease.
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