Which of the Following Would Be Most Useful in Checking

question 45

Multiple Choice

Which of the following would be most useful in checking the normality assumption of the errors in a regression model?

• A)The t statistics for the coefficients
• B)The F-statistic from the ANOVA table
• C)The histogram of residuals
• D)The VIF statistics for the predictors

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Definitions:

Distribution Of Income

The way in which total income is shared among different individuals or groups in an economy.

Market System

Here, economic decisions about where to invest, what and how much to produce, and how to distribute goods are made based on supply and demand curves, with pricing for these goods and services being freely adjusted in a market-based pricing structure.

Economic Questions

Fundamental queries regarding what to produce, how to produce, and for whom to produce, which economies must address.

Goods And Services

The products and activities that satisfy human wants, available for purchase in the marketplace, including both tangible items and intangible performances.