In a Simple Bivariate Regression with 25 Observations, Which Statement

Multiple Choice

In a simple bivariate regression with 25 observations, which statement is most nearly correct?

A) A nonstandardized residual whose value is e_i = 4.22 would be considered an outlier.
B) A leverage statistic of 0.16 or more would indicate high leverage.
C) Standardizing the residuals will eliminate any heteroscedasticity.
D) Non-normal residuals imply biased coefficient estimates, a major problem.