Suppose you have generated this model to predict income: Income = 10 + .5(Years of Education), units are in thousands, ie 10.5 = $10,500. Interpret Beta1.

The center line inside a box plot typically represents the _____ in any instance.

A bag contains 4 balls (2 red and 2 blue). You pull out one ball at a time without replacement. What is the probability that the fourth ball chosen is a red ball?

A manager of a large bank wants to compute the average interest rates across all bonds that the bank invests in. The manager randomly sampled 127 bonds that the bank invests in and calculated the average interest rate over the past year of the sample was 2.47%. What is the parameter of interest in this study?

Which of the following is a characteristic of an F-distribution?

C(n,r) is equal to...

Is it true that nCr = nC(n-r) ?

Suppose E and F are events in a sample space S. Suppose further that E has probability .5, F has probability .6, and the intersection of E and F has probability .2. Find the probability of the union of E and (the complement of F).

Suppose E and F are independent events in a sample space S. Suppose further that E has probability .3 and F has probability .4. What is the probability of the union of E and F?

What is the cumulative probability at -1 standard deviation for a normal distribution?

Which of the following is NOT essential for multiple regression modeling?