SCENARIO 15-7-B
You Are the CEO of a Dairy Company $\left( X _ { 1 } \right)$

question 130

Short Answer

SCENARIO 15-7-B
You are the CEO of a dairy company. You are planning to expand milk production by purchasing
additional cows, lands and hiring more workers. From the existing 50 farms owned by the company,
you have collected data on total milk production (in liters), the number of milking cows, land size (in
acres) and the number of laborers. The data are shown below and also available in the Excel file
Scenario15-7-DataB.XLSX.
You believe that the number of milking cows $\left( X _ { 1 } \right)$ , land size $\left( X _ { 2 } \right)$ and the number of laborers $\left( X _ { 3 } \right)$ are the best predictors for total milk production on any given farm.
-Referring to Scenario 15-7-B, the variable X3 should be dropped to remove
collinearity?

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Definitions:

Androgynous

Exhibiting both traditionally masculine and feminine qualities; in psychology, it refers to a person who does not fit neatly into the typical gender roles of their society.

Biological Sex

The classification of living things, typically as male or female, based on their reproductive anatomy and functions.

Sexual Orientation

The direction of an individual's sexual attraction towards the same gender, opposite gender, both, or neither, often influenced by biological, psychological, and environmental factors.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attraction to persons of the opposite sex, same sex, both sexes, or more than one gender, not necessarily aligned with sexual behavior.