Evans' Rule Says That If N = 50 You Need

question 69

True/False

Evans' Rule says that if n = 50 you need at least 5 predictors to have a good model.

---

Definitions:

Warranty Period

The duration during which a manufacturer or seller promises to repair or replace a product if necessary, under certain conditions.

Warranty Period

The duration in which a manufacturer or seller promises to repair or replace defective products or parts at no additional cost.

Normally Distributed

A term describing a dataset that exhibits the properties of a normal distribution, specifically symmetry around the mean, with a bell-shaped curve where data tails off symmetrically at both ends.

Manufacturer

A company or entity that makes goods for sale by processing raw materials and assembling components, often on a large scale.