Three predictor variables are being considered for use in a linear regression model. 
Given the correlation matrix above, does it appear that multicollinearity could be a problem?
______________
Explain.
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Definitions:
Regular Rate
The hourly pay rate that is used to calculate overtime premium.
Warranty Expense
The estimated cost associated with the repair, replacement, or refund of products under warranty, recognized as a liability by a company.
Estimated Warranty Liability
A provision in financial accounting for the estimated cost of warranty claims that are expected but have not yet occurred.
Warranty Replacement
The process of replacing or repairing a product under the terms of a warranty agreement due to defects or failures.
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