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    Business statistics Study Set 3
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    Exam 20: Model Building
  5. Question
    In the First-Order Model = 60 + 40x<sub>1</sub> -10x<sub>2</sub>\(y\)
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In the First-Order Model = 60 + 40x1 -10x2 yyy

Question 3

Question 3

True/False

In the first-order model  In the first-order model   = 60 + 40x<sub>1</sub> -10x<sub>2</sub> + 5x<sub>1</sub>x<sub>2</sub>, a unit increase in x<sub>1</sub>, while holding x<sub>2</sub> constant at 1, increases the value of  y  on average by 45 units. = 60 + 40x1 -10x2 + 5x1x2, a unit increase in x1, while holding x2 constant at 1, increases the value of yyy on average by 45 units.

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