When Estimating = β₀ + β₁x₁ + β₂x₂ +ε,the

question 16

Multiple Choice

When estimating = β₀ + β₁x₁ + β₂x₂ +ε,the following regression results using ANOVA were obtained. Which of the following is the standard error of the estimate?

• A) 0.82
• B) 0.86
• C) 0.92
• D) 0.96

---

Definitions:

Income Inequality

The unequal distribution of income within a population, leading to disparities in wealth and living standards.

Wealthy Country

A nation characterized by a high standard of living and a strong economic system, usually measured by gross domestic product (GDP) per capita.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification, which can be either upward or downward in nature.

Meritocratic Mobility

The movement of individuals within or between social strata in a society based on their abilities, talents, and merits rather than on class privilege or wealthy heritage.