A risk casualty company has 84 condo properties that have been damaged by fire,

Question

A risk casualty company has 84 condo properties that have been damaged by fire, flooding, and other causes. Each property had previously been assigned a risk index. The firm wants to find out the relationship between AmtDamage 1000in $1000 and property Risklndex100100's ofpoints. The results are as follows, 1 Regression Analysis: AmtDamage1000 versus Riskindex100 Analysis of Variance Source DF Adi SS Adi MS F-Value P-Value 1 10881 108810 88.69 0000 Riskindex100 1 10881 108810 88.69 0000 Error Total 83 10183 122.7 84 21064 Model Summary 11.0766 SL6696 5L07% 4a80% CocensWE SE Coel T.value P-Value VIF Term Constant 2284 3.10 Riskindex100 5.508 0585 942 0.000 1.00 Regression Equation AmtDamag100022.84 5.508 Riskindex100 0 .370,000 What is the correct Tc, N, K, P-value for Ho:B-0? O Tc-9.4 O n-k-83 N-84 O k-2

Explanation / Answer

Here,for H0:B=0

Tc=Test statistic value=9.42

N=Number of observations=84

k=Number of predictors=1

p-value=0.000

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