Question 11 – Reduced Model 6ptsCreate a third model called…
Question 11 – Reduced Model 6ptsCreate a third model called lm.red by removing Credit.Card.Debt and Gender from lm.full. Display the summary. A) Comment on the removal of the predicting variables by comparing lm.red to the full model (lm.full). Note any changes to the statistical significance of the coefficients. B) Perform a partial F-test on the new model (lm.red) vs the previous model (lm.full), using alpha=0.05. Do you reject or fail to reject the null hypothesis? Explain your answer using the output. C) Do the variables Credit.Card.Debt and Gender add predictive power? (Yes or No should suffice in conjunction w/ 11B)