A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $),the number of bedrooms (x₁),the number of bathrooms (x₂),and its square footage (x₃).She estimates the following model: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables are jointly significant at the 5% level,she ______________________________________________________________________. A) rejects H₀,and concludes that the explanatory variables are jointly significant B) does not reject H₀,and concludes that the explanatory variables are jointly significant C) rejects H₀,and concludes that the explanatory variables are not jointly significant. D) does not reject H₀,and concludes that the explanatory variables are not jointly significant

Question

Quizplus · Accepted Answer

The Answer of A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $),the number of bedrooms (x₁),the number of bathrooms (x₂),and its square footage (x₃).She estimates the following model: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables are jointly significant at the 5% level,she ______________________________________________________________________. A) rejects H₀,and concludes that the explanatory variables are jointly significant B) does not reject H₀,and concludes that the explanatory variables are jointly significant C) rejects H₀,and concludes that the explanatory variables are not jointly significant. D) does not reject H₀,and concludes that the explanatory variables are not jointly significant

A Real Estate Analyst Believes That the Three Main Factors