Earnings 2019, part 3. Using the regression table in Exercise 13, answer the following questions. a) How

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Earnings 2019, part 3.

Using the regression table in Exercise 13, answer the following questions.

a) How was the t-ratio of -4.1166 found for Number of Jobs?

(Show what is computed using numbers from the table.)

b) How many occupations are used in this model? How do you know?

c) The t-ratio for Number of Jobs is negative. What does that mean?

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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