It Would Be Concluded That Multicollinearity Was Not a Problem

question 5

Multiple Choice

It would be concluded that multicollinearity was not a problem if:

• A) Tolerance was .90 or higher
• B) Tolerance was .001 or lower
• C) R² was significantly greater than zero
• D) Singularity did not occur

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Definitions:

Cost Containment

Strategies or approaches implemented to control, reduce, or maintain the level of expenses.

Production Targets

Specific goals or quotas set for the amount of goods or services to be produced within a certain timeframe.

Performance Efficiency

Measures how well an individual, group, or organization uses resources to achieve objectives with minimum waste.

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