QMB 3250 Exam 2 complete questions and answers 2024 University of Florida

QMB 3250 Exam 2 complete questions and answers 2024 University of Florida 1.In simple linear regression, what kind of predictor do we use for our response variable? a) Categorical b) Quantitative c) Legitimate d) ANOVA FtestB Quantitative 2.Which of the following is NOT a goal of simple linear regression (SLR)? a) To determine if X if a good predictor of Y . b) To determine if the line is useful for predictions. c) The slope β1 is significantly different from 0. d) To determine if the coefficient of determination (R2) is 100%. D 3.In the simple linear regression model, what do we use to estimate β1? a) b1 b) b0 c) t0 d) R2 e) F A 4.In Multiple Regression with k coefficients, what null hypothesis (H0), does the ANOVA F-testtry to determine? a) Ho: β0 = 0 b) H0 : β1 = 0 c) Ho: β1 = β2= β3 . . . .= βk= 0 d) The ANOVA F-test for Multiple Linear Regression does not test anything.