MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Statements and Logic
Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.
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Refer to the following correlation matrix: Sales Advertising ($) Population Income Sales 1.000 Advertising ($) Population 0.187 1.000 0.510 0.125 1.000 Income 0.799 0.047 0.541 1.000 a. Which independent variable has the strongest correlation with the dependent variable? |(Click to select) • b. Suppose you could only use two of Advertising ($), Population, and Income in your regression equation to estimate Sales. On the basis of the correlation matrix above, which would you use? |(Click to select)· c. Is there evidence of multicollinearity? If so, where does it occur? |(Click to select) v
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Transcribed Image Text:Refer to the following correlation matrix: Sales Advertising ($) Population Income Sales 1.000 Advertising ($) Population 0.187 1.000 0.510 0.125 1.000 Income 0.799 0.047 0.541 1.000 a. Which independent variable has the strongest correlation with the dependent variable? |(Click to select) • b. Suppose you could only use two of Advertising ($), Population, and Income in your regression equation to estimate Sales. On the basis of the correlation matrix above, which would you use? |(Click to select)· c. Is there evidence of multicollinearity? If so, where does it occur? |(Click to select) v
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