A Multiple Regression Model Involves 5 Independent Variables and a Sample

question 74

Multiple Choice

A multiple regression model involves 5 independent variables and a sample of 10 data points. If we want to test the validity of the model at the 5% significance level, the critical value is:

• A) 6.26
• B) 3.33
• C) 9.36
• D) 4.24
• E) 2.58

---

Definitions:

Normal Model

A bell-shaped frequency distribution graph where the bulk of the values lie close to the mean, used in many statistical analyses to describe data sets.

Percentile

A measure used in statistics indicating the value below which a given percentage of observations in a group fall.

Standard Deviation

A metric that assesses the level of dispersion or scattering within a collection of data values.

Standard Deviation

A statistic that captures the level of variability or fluctuation among values in a series, revealing how much the numbers depart from the central value.