SCENARIO 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual and the number of traffic tickets received by the individual. You performed a regression analysis in EXCEL and obtained the following partial information:

-Referring to Scenario 14-10,the multiple regression model is significant at a 10% level of significance.

Question

SCENARIO 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual and the number of traffic tickets received by the individual. You performed a regression analysis in EXCEL and obtained the following partial information:

-Referring to Scenario 14-10,the multiple regression model is significant at a 10% level of significance.

Quizplus · Accepted Answer

The partial F-test shows a p-value of 0.016, which is less than the 10% level of significance. Therefore, the multiple regression model is significant at a 10% level of significance.

SCENARIO 14-10 You Worked as an Intern at We Always Win Car