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An indigenous researcher proposed using the home ownership (%) (X) in different indigenous communities to predict indigenous communities' financial resilience index (Y). After ensuring all
An indigenous researcher proposed using the home ownership (%) (X) in different indigenous communities to predict indigenous communities' financial resilience index (Y). After ensuring all the assumptions for the linear regression were satisfied, he obtained regression results below Regression Statistics Multiple R 0.657 R square 0.432 Adjusted R Square 0.425 Standard Error 2.024 Observations 83.000 ANOVA df 85 MS F Sign Regression 1 252.283 252.283 61.577 0 Residual 81 331.861 4.097 Total 82 584.144 Coefficients standard Error tstat P-value Intercept 43.201 2.153 20.064 0 Homeownership(%) 0.334 0.043 7.847 0 Use the outputs above to answer the following questions. 1. (2 marks) The absolute value of the critical value of the test statistic for 95% confidence interval calculation is: [3dp) with degrees of freedom equal to: (integer) , 2. (3 marks] We are 95% confident that for each extra unit increase in the home ownership (%], the average financial resilience index is expected to : between (lower 95% Cl) and [upper 95% c1). (Type your answers with 3dp)
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