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?

MATLAB: An Introduction with Applications
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**Multiple Choice**

- O Reject the null hypothesis that \( \beta_3 = 0 \).

- O Reject the null hypothesis that \( \beta_1 = 0 \).

- O Reject the null hypothesis that \( \beta_1 = \beta_2 = \beta_3 = \beta_4 = 0 \).

- O Do not reject the null hypothesis that \( \beta_1 = \beta_2 = \beta_3 = \beta_4 = 0 \).
Transcribed Image Text:**Multiple Choice** - O Reject the null hypothesis that \( \beta_3 = 0 \). - O Reject the null hypothesis that \( \beta_1 = 0 \). - O Reject the null hypothesis that \( \beta_1 = \beta_2 = \beta_3 = \beta_4 = 0 \). - O Do not reject the null hypothesis that \( \beta_1 = \beta_2 = \beta_3 = \beta_4 = 0 \).
**Multiple Regression Model Analysis**

Consider the multiple regression model presented here, involving the dependent variable \( Y \) and four independent variables \( X_1, X_2, X_3, \) and \( X_4 \). The resulting function is as follows:

\[
\hat{Y} = 33 + 8X_1 - 6X_2 + 16X_3 + 18X_4
\]

For this model, 35 observations were recorded. The sum of squares for regression (SSR) is 1,432, while the sum of squares for error (SSE) is 600. The analysis assumes a significance level of 0.01.

Based on the provided information, which of the following conclusions is correct regarding the statistical significance of the overall model?
Transcribed Image Text:**Multiple Regression Model Analysis** Consider the multiple regression model presented here, involving the dependent variable \( Y \) and four independent variables \( X_1, X_2, X_3, \) and \( X_4 \). The resulting function is as follows: \[ \hat{Y} = 33 + 8X_1 - 6X_2 + 16X_3 + 18X_4 \] For this model, 35 observations were recorded. The sum of squares for regression (SSR) is 1,432, while the sum of squares for error (SSE) is 600. The analysis assumes a significance level of 0.01. Based on the provided information, which of the following conclusions is correct regarding the statistical significance of the overall model?
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