What is the F test statistic and the critical value for testing the significance of the overall test of the regression model at a 0.05 level of statistical significance? Select one: O a. F 0.056 and Fa = 2.740 Ob. F 2.621 and Fa= 22.5 OC Fx 29.3 and Fa = 5.774 Od Fa 22.5 and Fa = 2.621 Oe. F* 17.8 and Fa = 2.621 Ot F* 2.740 and Fa = 17.8 Og Fa 17.8 and Fa = 2.740 Which of the following statements is true regarding the overall significance test? Select one: Oa The regression model is statistically significant at a=0.05. O b. The regression model is not statisticall significant at a=0.05. All independent variables are statistically significant at a=0.05. O d. None of the above are true.

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A real estate expert wanted to find the relationship between the sale price of houses and various characteristics of the houses. She collected data on five variables for 25 houses that were sold recently.
Dependent variable is the sale price of the house (in 1000 TL). Independent variable X, refers to size of the house in sq.meters, X2 refers to size of the living area in sq.meters, Xg refers to age of the house in
years, Xa refers to number of rooms in the house, and Xg refers to whether the house has a private garage (Xs = 1 if the answer is yes, Xs = 0 if the answer is no). The following regression output (with some
values missing. you have to fill them as much as you can) was presented to the real estate expert:
Regression Statistics
Multiple R
0.907
R Square
Adjusted R Square
Standard Error
Observations
25
ANOVA
df
MS
F
p-value
Regression
417
Residual/Error
89
Total
506
Standard
Coefficients
Error
t stat
p-value
Intercept
200.15
5.6128
X1
11.90
0.456
X2
0.10
0.087
X3
-7.55
0.239
X4
19.00
10.00
Xs
8.50
0.042
Transcribed Image Text:A real estate expert wanted to find the relationship between the sale price of houses and various characteristics of the houses. She collected data on five variables for 25 houses that were sold recently. Dependent variable is the sale price of the house (in 1000 TL). Independent variable X, refers to size of the house in sq.meters, X2 refers to size of the living area in sq.meters, Xg refers to age of the house in years, Xa refers to number of rooms in the house, and Xg refers to whether the house has a private garage (Xs = 1 if the answer is yes, Xs = 0 if the answer is no). The following regression output (with some values missing. you have to fill them as much as you can) was presented to the real estate expert: Regression Statistics Multiple R 0.907 R Square Adjusted R Square Standard Error Observations 25 ANOVA df MS F p-value Regression 417 Residual/Error 89 Total 506 Standard Coefficients Error t stat p-value Intercept 200.15 5.6128 X1 11.90 0.456 X2 0.10 0.087 X3 -7.55 0.239 X4 19.00 10.00 Xs 8.50 0.042
What is the F test statistic and the critical value for testing the significance of the overall test of the regression model at a 0.05 level of statistical significance?
Select one:
O a. F 0.056 and Fa = 2.740
O b. F 2.621 and Fa = 22.5
Oc Fs 29.3 and Fa = 5.774
O d. Fx 22.5 and Fa = 2.621
O e. Fx 17.8 and Fa = 2.621
O f. Fx 2.740 and Fa = 17.8
O g. F 17.8 and Fa = 2.740
Which of the following statements is true regarding the overall significance test?
Select one:
O a.
The regression model is statistically significant at a=0.05.
O b.
The regression model is not statistically significant at a=0.05.
All independent variables are statistically significant at a=0.05.
O d. None of the above are true.
Transcribed Image Text:What is the F test statistic and the critical value for testing the significance of the overall test of the regression model at a 0.05 level of statistical significance? Select one: O a. F 0.056 and Fa = 2.740 O b. F 2.621 and Fa = 22.5 Oc Fs 29.3 and Fa = 5.774 O d. Fx 22.5 and Fa = 2.621 O e. Fx 17.8 and Fa = 2.621 O f. Fx 2.740 and Fa = 17.8 O g. F 17.8 and Fa = 2.740 Which of the following statements is true regarding the overall significance test? Select one: O a. The regression model is statistically significant at a=0.05. O b. The regression model is not statistically significant at a=0.05. All independent variables are statistically significant at a=0.05. O d. None of the above are true.
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