Problem 5 (continued). Use the Parameter Estimates table for the model (below) to answer parts E-G. Parameter Estimates Variable t Value Pr > It Parameter Estimate Standard Error 486.570 3.94718 6.05296 2.04206 1.93060 3.90155 396.456 1.98950 4.08813 4.01382 3.97734 4.12266 0.222651 0.0500517 0.141916 0.612066 0.628476 0.346289 122730 1.98401 1.48062 0.508757 0.485401 0.946368 (Intercept) Diversity Asian Black Latino White E. If we performed backward selection, which variable would we remove from this model? Interpret the value 6.05296 in the Parameter Estimates table. F. Do you have any concerns about the choice of explanatory variables in this model? If so, what are they? If not, why not?

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Problem 5 (continued). Use the Parameter Estimates table for the model (below) to answer parts E-G.
Parameter Estimates
Variable
t Value
Pr > It
Parameter Estimate
Standard Error
486.570
3.94718
6.05296
2.04206
1.93060
3.90155
396.456
1.98950
4.08813
4.01382
3.97734
4.12266
0.222651
0.0500517
0.141916
0.612066
0.628476
0.346289
122730
1.98401
1.48062
0.508757
0.485401
0.946368
(Intercept)
Diversity
Asian
Black
Latino
White
E.
If we performed backward selection, which variable would we remove from this model?
Interpret the value 6.05296 in the Parameter Estimates table.
F.
Do you have any concerns about the choice of explanatory variables in this model? If so, what
are they? If not, why not?
Transcribed Image Text:Problem 5 (continued). Use the Parameter Estimates table for the model (below) to answer parts E-G. Parameter Estimates Variable t Value Pr > It Parameter Estimate Standard Error 486.570 3.94718 6.05296 2.04206 1.93060 3.90155 396.456 1.98950 4.08813 4.01382 3.97734 4.12266 0.222651 0.0500517 0.141916 0.612066 0.628476 0.346289 122730 1.98401 1.48062 0.508757 0.485401 0.946368 (Intercept) Diversity Asian Black Latino White E. If we performed backward selection, which variable would we remove from this model? Interpret the value 6.05296 in the Parameter Estimates table. F. Do you have any concerns about the choice of explanatory variables in this model? If so, what are they? If not, why not?
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