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Exhibit 16.6.Thirty employed single individuals were randomly selected to examine the relationship between their age (Age)and their credit card debt (Debt)expressed as a percentage of their annual income.Three polynomial models were applied and the following table summarizes Excel's regression results. Refer to Exhibit 16.6.For the cubic model,Debt = β0 + β1Age + β2Age2+ β3Age3 + ε,the following Excel partial output is available.What is the conclusion when testing the individual significance of Age3?
Stress Management Strategies
Techniques or methods used to control an individual's level of stress, often for the purpose of improving everyday functioning.
Time Manager
A person or tool that effectively organizes and plans how to divide time between specific activities to maximize productivity and efficiency.
High Priority Task
A task that is deemed to be of significant importance, requiring immediate attention and action.
Right Things Done
The accomplishment of tasks or objectives that align with one's goals, values, or responsibilities.
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