If You Inspect the Data and Find a Standardized Residual

question 1

Multiple Choice

If you inspect the data and find a standardized residual greater than 3, what would this suggest?

• A) An outlying observation / data point.
• B) The standardized score is perfectly acceptable.
• C) Equality of variance is significant.
• D) Further analysis is required to be certain.

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Definitions:

Means-tested

A determination of eligibility for government assistance based on the applicant's financial means or income.

Welfare Program

Governmental provision of economic assistance to individuals in need, aiming to support those facing poverty, providing benefits such as food stamps or healthcare support.

Minimum Income

The least amount of earnings necessary for an individual or family to meet their basic needs for living.

Means-tested

A determination of whether an individual or family is eligible for government assistance based on their income and assets.