The analyst in Exercise 11 fits the model with the four predictor variables. The regression output shows:

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The analyst in Exercise 11 fits the model with the four predictor variables. The regression output shows:

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a) How many observations were used in the regression?

b) What might you do next?

c) Is it clear that Income is more important to predicting Spending than Networth? Explain.
SECTION 19.5

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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