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In a regression analysis involving 27 observations, the following estimated regression equation was developed.
y = 25.2 + 5.5x1For this estimated regression equation SST = 1550 and SSE = 520. a. At ± = .05, test whether x1 is significant. Suppose that variables x2 and x3 are added to the model and the following regression equation is obtained.
y = 16.3 + 2.3x1 + 12.1x2 - 5.8x3For this estimated regression equation SST = 1550 and SSE = 100. b. Use an F test and a .05 level of significance to determine whether x2 and x3 contribute significantly to the model.
How should the analyst treat Monkey Manufacturing $250,000 expenditure for computer hardware and software to coordinate its executive travel schedule? Why?
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How much money will Bay Path realize from its $50 million bond issue if the actual yield is either 5% or 7% and how would the following affect the yield on Bay Path's newly issued bonds?
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