A Sociologist Examines the Relationship Between the Poverty Rate and Several

question 140

Multiple Choice

A sociologist examines the relationship between the poverty rate and several socioeconomic factors. For the 50 states and the District of Columbia (n = 51) , he collects data on the poverty rate (y, in %) , the percent of the population with at least a high school education (x₁) , median income (x₂, in $1000s) , and the mortality rate per 1,000 residents (x₃) . He estimates the following model as y = β₀ + β₁Education + β₂Income + β₃Mortality + ε. The following ANOVA table shows a portion of the regression results. Which of the following is the value of the standard error of the estimate?

• A) 1.47
• B) 1.21
• C) 139.1
• D) 4.8

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Definitions:

Devaluation

Government policy that lowers the nation’s exchange rate so that its currency is worth less than it had been relative to foreign currencies.

Currency

Coins and paper money that serve as a medium of exchange.

Exports

Goods and services produced in a nation and sold to customers in other nations.

Imports

Goods and services bought by people in one country that are produced in other countries.