Minorities Show a High Rate of Entrepreneurship in the United

question 2

True/False

Minorities show a high rate of entrepreneurship in the United States, owning 5.8 million firms in 2007 that generated $1 trillion in revenues.

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Definitions:

R Square

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Residual Plots

Graphical representations that show the differences (residuals) between observed and predicted values in a regression analysis.

Independent Variable

A variable that is manipulated in an experiment to observe its effect on a dependent variable.

Variance Inflation Factor

A measure used to detect the presence of multicollinearity in a regression analysis.