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(For this question use the data file PerCapita Link). A researcher interested in examining how a states per capita income maPorrig. Pero 1. 7.2 14.2 1 SLIP 2 ALL 3 Alba Ari... 5 Arbanas ( Califirria 7 Colorad. I Curerali..! Delaware 1 District of Co

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Answer #1

The model is an Ok fit to the data, albeit not extremely great. As our R-Square and Adjusted R-Square are as shown below:

R square 0.52269
Adjusted R square 0.502802

Our explanatory variables are jointly significant at 5% level because of the F-value and F-significance value (way below 0.05) you see below:

df SS MS F Significance F
Regression 2 4.9E+08 2.45E+08 26.28179 1.96E-08
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