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

question 77

Multiple Choice

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.

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Definitions:

Unit Price

The cost assigned to a single unit of a product or service, facilitating price comparisons among similar products based on per unit costs.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Hypothetical Consumer

A theoretical representation of an average consumer used in economic models to predict buying behavior and market dynamics.

Consumer Income

The total earnings of an individual or household from all sources, influencing their purchasing decisions.