Exhibit 13-10
In a regression model involving 30 observations, the following estimated regression equation was obtained.
$\hat { Y }$ =170+34X1 - 3X2+8X3+58X4+3X5
For this model, SSR = 1,740 and SST = 2,000.
-Refer to Exhibit 13-10. The p-value for testing the significance of the regression model is
A) less than 0.01
B) between 0.01 and 0.025
C) between 0.025 and 0.05
D) between 0.05 and 0.1

Question

Exhibit 13-10
In a regression model involving 30 observations, the following estimated regression equation was obtained.
 $\hat { Y }$ =170+34X1 - 3X2+8X3+58X4+3X5
For this model, SSR = 1,740 and SST = 2,000.
-Refer to Exhibit 13-10. The p-value for testing the significance of the regression model is
A) less than 0.01
B) between 0.01 and 0.025
C) between 0.025 and 0.05
D) between 0.05 and 0.1

Quizplus · Accepted Answer

The F-statistic can be calculated using SSR and SST. With a high F-statistic and given the degrees of freedom, the p-value is likely to be less than 0.01, indicating a highly significant model.

Exhibit 13-10 in a Regression Model Involving 30 Observations, the Following

Exhibit 13-10
in a Regression Model Involving 30 Observations, the Following