Problem

The credit rating data were reanalyzed, using only the monthly income variable as a pred...

The credit rating data were reanalyzed, using only the monthly income variable as a predictor. JMP results are shown.

a. By how much has the regression sum of squares been reduced by eliminating age and debt percentage as predictors?

b. Do these variables add statistically significant (at normal levels) predictive value, once income is given?

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Solutions For Problems in Chapter 12