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Consider the multiple regression model shown next between the dependent variable Y and four independent variables X1, X2, X3, and X4, which result in the following function: Ý= 33 + 8X1 – 6X2 + 16X3 + 18X4 For this model, there were 35 observations; SSR= 1,432 and SSE= 600. Assume a 0.01 significance level. Based on the given information, which of the following conclusions is correct about the statistical significance of the overall model?

Consider the multiple regression model shown next between the dependent variable Y and four independent variables X1, X2, X3, and X4, which result in the following function: Ý= 33 + 8X1 – 6X2 + 16X3 + 18X4 For this model, there were 35 observations; SSR= 1,432 and SSE= 600. Assume a 0.01 significance level. Based on the given information, which of the following conclusions is correct about the statistical significance of the overall model?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4PPS
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Multiple Choice Reject the null hypothesis that B3 = 0. Reject the null hypothesis that B1 = 0. Reject the null hypothesis that B1 = B2 = B3 = B4 = 0. Do not reject the null hypothesis that ß1 = B2 = B3 = B4 = 0. %3D
Transcribed Image Text:Multiple Choice Reject the null hypothesis that B3 = 0. Reject the null hypothesis that B1 = 0. Reject the null hypothesis that B1 = B2 = B3 = B4 = 0. Do not reject the null hypothesis that ß1 = B2 = B3 = B4 = 0. %3D
Consider the multiple regression model shown next between the dependent variable Yand four independent variables X1, X2, X3, and X4, which result in the following function: Ý = 33 + 8X1 – 6X2 + 16X3 + 18X4 For this model, there were 35 observations; SSR = 1,432 and SSE= 600. Assume a 0.01 significance level. Based on the given information, which of the following conclusions is correct about the statistical significance of the overall model?
Transcribed Image Text:Consider the multiple regression model shown next between the dependent variable Yand four independent variables X1, X2, X3, and X4, which result in the following function: Ý = 33 + 8X1 – 6X2 + 16X3 + 18X4 For this model, there were 35 observations; SSR = 1,432 and SSE= 600. Assume a 0.01 significance level. Based on the given information, which of the following conclusions is correct about the statistical significance of the overall model?
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