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Question 1. True/False (10pts) Mark each statement True or False. If you believe that a statement is false, briefly explain why you think it is

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Question 1. True/False (10pts) Mark each statement True or False. If you believe that a statement is false, briefly explain why you think it is false. (a)(5pts) In order to calculate the VIF for an explanatory variable, we need to use the values of the response variable. Answer: (b)(5pts) A correlation matrix summarizes the same information in the data as is given in a scatterplot matrix

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