A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Given this information,what is the null hypothesis for testing the overall model? A)H₀ : β₀ = β₁ = β₂ = β₃ = β₄ = 0 B)H₀ : β₁ = β₂ = β₃ = β₄ = 0 C)H₀ : β₁ = 0 D)H₀ : β₀ = 0

Question

Quizplus · Accepted Answer

The null hypothesis for testing the overall model is that all of the coefficients (β) in the multiple regression model are equal to zero, indicating that the independent variables do not have a significant effect on the dependent variable. Choice B is the correct option, as it includes all coefficients in the null hypothesis.

A Multiple Regression Is Shown for a Data Set of Yachts