The conclusion for the overall (global) test of the regression model at the 5% a

Question

The conclusion for the overall (global) test of the regression model at the 5% a-level is: Since p-value is smaller than a the overall model is not significant Since p-value is smaller than a the overall model is significant Since p-value is larger than a the overall model is not significant A Real Estate Agent wishes to see if home prices can be accurately predicted from the square footage of a house, the number of rooms a house has, the age of the house, and the location of the house (either north, south, east or west) the regression Excluding the intercept, how many variables are significant predictors of home value at the 0.05 level of significance?

Explanation / Answer

#1 Since p-value = 0.011396993 is less than 0.05, we can conclude that overall model is significant. Therefore, correct option is:

Option 3. Since p-value is smaller than a the overall model is significant.

---------------------------------------------------------------------------------------------------------

#2 Since p-values for Age, East and South are less than 0.05, these are significant predictors of home value at the 0.05 level of significance. Therefore, correct option is:

Option 4.              3

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.