The Accompanying Table Shows the Regression Results When Estimating

question 116

Multiple Choice

The accompanying table shows the regression results when estimating .At the 5% significance level,which explanatory variable(s) is(are) individually significant?

• A)Only x₁
• B)Only x₃
• C)x₁ and x₂
• D)x₂ and x₃

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.

Mean Purchase

The average amount of purchases made over a certain period of time or across individuals.

Probability

The expression of an event's likelihood as a number from 0 to 1.

Standard Error

A measure that quantifies the variation or dispersion of sample means relative to the true population mean.