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Refer to the Following Correlation Matrix That Was Part of a Regression

question 74

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Refer to the following correlation matrix that was part of a regression analysis.The dependent variable was Abort (the number of abortions per 1000 women of childbearing age) .The regression was estimated using data for the 50 U.S.states with these predictors: EdSpend = public K−12 school expenditure per capita,Age = median age of population,Unmar = percent of total births by unmarried women,Infmor = infant mortality rate in deaths per 1000 live births. Correlation Matrix
Refer to the following correlation matrix that was part of a regression analysis.The dependent variable was Abort (the number of abortions per 1000 women of childbearing age) .The regression was estimated using data for the 50 U.S.states with these predictors: EdSpend = public K−12 school expenditure per capita,Age = median age of population,Unmar = percent of total births by unmarried women,Infmor = infant mortality rate in deaths per 1000 live births. Correlation Matrix   Using a two-tailed correlation test,which statement is not accurate? A) Age and Infmor are not significantly correlated at α = .05. B) Abort and Unmar are significantly correlated at α = .05. C) Unmar and Infmor are significantly correlated at α = .05. D) The first column of the table shows evidence of multicollinearity. Using a two-tailed correlation test,which statement is not accurate?

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Definitions:

Break-even Point

The level of sales at which total revenues equal total costs, resulting in no net profit or loss.

Break-even

The moment total expenditure equals total earnings, resulting in neither a financial gain nor a loss.

Monthly Unit Sales

The total number of individual items or products sold by a business during a month.

Break Even

The moment when the sum of all expenses equals the sum of all revenues, eliminating any profit or loss.

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