Consider the Following to Answer the Question(s) Below

question 12

Multiple Choice

Consider the following to answer the question(s) below:
A regression model was developed relating average annual pay to the percentage of women employed for a sample of companies. Below is the plot of residuals versus predicted values.
-What does the plot of residuals suggest?

• A) The plot of residuals shows no unusual pattern. The Equal Variance assumption is satisfied.
• B) The plot of residuals has no particular structure. So, the Equal Spread condition is definitely satisfied.
• C) The spread in the residuals decreases as the fitted value increases.
• D) The residuals show that the plot thickens. The spread in the residuals increases as the fitted value increases. The equal spread condition is not satisfied.
• E) The spread in the residuals remains unchanged as the fitted value increases. The Equal Spread condition is satisfied.

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Definitions:

New Jobs

Employment positions that arise due to technological advancements, economic shifts, or societal changes.

Principles of Justice

Fundamental ethical guidelines that aim to ensure fairness, equity, and rights in society and the legal system.

Social Inequalities

The existence of unequal opportunities or treatment for different societal groups based on class, race, gender, age, or ethnicity.

Rawls

A philosopher known for his theory of justice which argues for the creation of a society where the least advantaged are as well off as possible.