ECO 391 - EXAM 3 – UKY questions &
answers graded A+
SSE - correct answer ✔✔The variation that is not explained by the model.
SSR - correct answer ✔✔The variation that is explained by the model.
R Squared - correct answer ✔✔SSR/SST , is always larger than Adjusted R squared
X - correct answer ✔✔The Independent Variable
Y - correct answer ✔✔The Dependent Variable
Right-tailed test - correct answer ✔✔HO: B1<=0 or HA: B1>0
Left-Tailed Test - correct answer ✔✔HO: B1>=0 or HA: B1<0
Standard Normal Distribution - correct answer ✔✔Has a Mean, Median, and Mode of 0.
F Statistic - correct answer ✔✔As our F statistic moves away from zero we are more like to
reject the Null hypothesis. As Our F statistic moves closer to zero we are more likely to accept
the null hypothesis.
Standard Deviation - correct answer ✔✔A Measure of the variation of the data series.
answers graded A+
SSE - correct answer ✔✔The variation that is not explained by the model.
SSR - correct answer ✔✔The variation that is explained by the model.
R Squared - correct answer ✔✔SSR/SST , is always larger than Adjusted R squared
X - correct answer ✔✔The Independent Variable
Y - correct answer ✔✔The Dependent Variable
Right-tailed test - correct answer ✔✔HO: B1<=0 or HA: B1>0
Left-Tailed Test - correct answer ✔✔HO: B1>=0 or HA: B1<0
Standard Normal Distribution - correct answer ✔✔Has a Mean, Median, and Mode of 0.
F Statistic - correct answer ✔✔As our F statistic moves away from zero we are more like to
reject the Null hypothesis. As Our F statistic moves closer to zero we are more likely to accept
the null hypothesis.
Standard Deviation - correct answer ✔✔A Measure of the variation of the data series.
