An investigator has a data set which contains a response variable(y) and four explanatory variables(xı, x2, X3, X4). A correlation matrix was produced from the data set and is provided below....

Extracted text: An investigator has a data set which contains a response variable(y) and four explanatory variables(xı, x2, X3, X4). A correlation matrix was produced from the data set and is provided below. Correlations Y X1 X2 X3 X1 0.785 X2 0.731 0.690 X3 0.603 0.343 0.771 Х4 0.745 0.742 0.500 0.630 Does the correlation matrix provide evidence that multicollinearity may be an issue? Explain your reasoning.