Exhibit 14-10

question 75

Multiple Choice

Exhibit 14-10.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: .The following table shows a portion of the regression results. Notes: Data obtained from the Statistical Abstract of the US for the year 2007. Refer to Exhibit 14-10.What is the mean square error,MSE?

• A)0
• B)1.5
• C)3.0
• D)4.5

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Definitions:

Payment

The act of transferring money or consideration from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.

Settle

To resolve or conclude (a transaction or dispute), ensuring all terms are met and any necessary payments are made.