Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:

-Referring to Instruction 13.20,the F test for the significance of the entire regression performed at a level of significance of 0.01 leads to a rejection of the null hypothesis.

Question

Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:
 
-Referring to Instruction 13.20,the F test for the significance of the entire regression performed at a level of significance of 0.01 leads to a rejection of the null hypothesis.

Quizplus · Accepted Answer

The F test for the significance of the entire regression performed at a level of significance of 0.01 leading to rejection of the null hypothesis suggests that the regression model is significant in explaining the relationship between the dependent variable (premium) and the independent variables (age, traffic tickets, and population density).

Instruction 13.20 You Worked as an Intern at We Always Win Car