Concerned about multicollinearity between two of your independent variables, you look at the Tolerance statistic, and it is .98. You should be:
A) not concerned at all
B) a little concerned
C) somewhat concerned
D) very concerned

Question

Quizplus · Accepted Answer

Tolerance values close to 1 indicate that multicollinearity is not a concern. A value of .98 suggests that the independent variables are not highly correlated, hence there is no need to be concerned about multicollarity.

Concerned About Multicollinearity Between Two of Your Independent Variables, You