The analyst in Exercise fits the model with the four predictor variables. The regression output shows: Response
Question:
Response Variable: Spending
R2 = 84.92% Adjusted R2 = 84.85%
s = 48.45 with 908 - 5 = 903 degrees of freedom
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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.
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a The number of observations used in developing the regression model is 908 You can find this in the ...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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