Question
a) What was the sample size of the data set this model was built upon? (Enter your answer as a whole number.)b) Test the overall
a) What was the sample size of the data set this model was built upon? (Enter your answer as a whole number.)b) Test the overall fitness of the model. State the appropriate test statistic name, degrees of freedom, test statistic value, and the associated p-value (Enter the degrees of freedom as whole numbers, the test statistic value to three decimal places, and the p-value to four decimal places).c) What percentage of the variation in GDP was explained by the model? (Enter your answet to two decimal places.)(blank)%d) What is the typical size of a prediction error from this model? (Enter your answer to three decimal places.)(blank) billions of dollarse) On average, how much is GDP expected to change (either increase or decrease) for a 1 percentage point increase in Wages & Salaries? Answer this question by constructinga 90% confidence interval for the change in GDP for a 1 percentage point increase in Wages & Salaries, holding all else constant. (Enter your answers to three decimal places.)((blank), (blank)) billions of dollarsf) Which is the most useful predictor variable in this model?
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