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Economics

Given the following regression equation with t-statistics in parentheses: Salary = 566,400 + 71,928 Goals + 20,403 Assists + 98,430 All-Star (3.45) (2.96) (3.5) (1.30)R2 = 0.95Salary = NHL Salary in $Goals = Number of career goals Assists = Number of career assists All-Star = 1 if All-Star in the previous season, 0 otherwise. (a) Interpret the R2. (b) Interpret the coefficient on All-Star.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694789

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