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Basic Question 7 of 8
Is the time spent studying predictive of success on the CFA exam? The time spent studying for the CFA exam, in hours, and success, measured as Pass or Fail, are recorded for randomly selected students.
Dependent variable: Exam outcome (Pass or Fail); Independent variable: Time spent studying (in hours)
Would this be a simple linear regression model?
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Edward Liu
Learning Outcome Statements
explain the assumptions underlying a multiple linear regression model and interpret residual plots indicating potential violations of these assumptions.
CFA® 2025 Level II Curriculum, Volume 1, Module 1.