MODEL C Dependent Variable: PSODA Method: Least Squares CL Sample: 1 410 Included observations: 391 Variable Coefficient Std. Error t-Statistic Prob. PRPBLCK INCOME BK KFC RR 0.587703 0.036566 -1.09E-07 0.066577 0.038109 0.083831 0.042735 0.400242 0.031288 0.019134 2.68E-07 0.009123 0.010344 0.010898 0.008673 0.035910 18.78366 1.911017 -0.405990 7.297549 3.684257 7.692683 4.927477 11.14573 0.0000 0.0567 0.6850 0.0000 0.0003 0.0000 0.0000 0.0000 NJ PFRIES R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood Durbin-Watson stat 0.558109 0.550032 0.059311 1.347315 Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion F-statistic Prob(F-statistic) 1.044962 0.088419 -2.791796 -2.710595 69. 10415 0.000000 553 7981 1.858383 Question 6 1 Does model C violate an important assumption? If so, which one? Model C has omit variable bias. Model C violates the assumption of no perfect collinearity Model C violates the zero conditional mean assumption. Model C has multicollinearity issue