Please provide a detailed explanation for the questions attached. Hence test whether B is significant. Give reasons for your answer.Perform the F Test making sure to state the null and alternative hypothesis.Given an interpretation of the term "R-sq" and comment on its value. A researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to2016:FR=a+BOIL+YEXP+8FDIWhere FR yearly foreign reserves ($000's), OIL = annual oil prices, EXP = yearly total exports($000's) and FDI = annual foreign direct investment ($000's). The sample of data was processedusing MINITAB and the following is an extract of the output obtained:PredictorCoefStDevt-ratiop-valueConstant5491.382508.812.18880.0491OIL85.3918.464.6260.0006EXP-377.08112.190.0057FDI-396.99160.66-2.471S = 2.45R-sq96.3%R-sq(adj)95.3%Analysis of VarianceSourceDFSSMSRegression1991.31663.77??Error1277.4.6.45Total15

Name: Please provide a detailed explanation for the questions attached. Henc
Uploaded: 2024-03-20T07:07:37.000Z
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Description: Please provide a detailed explanation for the questions attached. Hence test whether B is significant. Give reasons for your answer.Perform the F Test making sure to state the null and alternative hypothesis.Given an interpretation of the term "R-sq"