Using the regression table I created, how should I perform the F-Test at 0.05 level of significance and T-Test? How do I arrive at a decision after this?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 3GP
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Using the regression table I created, how should I perform the F-Test at 0.05 level of significance and T-Test? How do I arrive at a decision after this?

2
B
Regression Analysis
Regression Statistics
4 Multiple R
5 R Square
5 Adjusted R Square
7 Standard Error
3
Observations
9
0 ANOVA
1
2 Regression
3 Residual
4 Total
5
6
7 Intercept
8 Asking Price
9 Age
0
1
2
3
0.9915
0.9830
0.9824
108.8113
df
61
SS
MS
F
2 39731441.7245 19865720.8622 1677.8619
11839.9024
58 686714.3411
60 40418156.0656
Coefficients Standard Error
-90.2166
113.1013
9.2169
0.1716
2.5069
0.8994
E
t Stat
P-value
-0.7977 0.4283
53.7184 0.0000
2.7873 0.0072
Significance F
0.0000
Lower 95%
-316.6134
8.8735
0.7065
Upper 95%
136.1802
9.5604
4.3073
Lower 95%
-316.6134
8.8735
0.7065
Upper 95%
136.1802
9.5604
4.3073
A
b2, b1, b0 intercepts
b2, b1, b0 Standard Error
R Square, Standard Error
F, Residual df
Regression SS, Residual SS
Confidence level
t Critical Value
Half Width b0
Half Width b1
Half Width b2
Calculations
9.2169 -90.2166
2.5069
0.8994
0.9830
1677.8619
39731441.72 686714.3411 #N/A
0.1716 113.1013
108.8113 #N/A
58 #N/A
7
7
95%
2.0017
226.3968
0.3435
1.8004
IN
✓
Transcribed Image Text:2 B Regression Analysis Regression Statistics 4 Multiple R 5 R Square 5 Adjusted R Square 7 Standard Error 3 Observations 9 0 ANOVA 1 2 Regression 3 Residual 4 Total 5 6 7 Intercept 8 Asking Price 9 Age 0 1 2 3 0.9915 0.9830 0.9824 108.8113 df 61 SS MS F 2 39731441.7245 19865720.8622 1677.8619 11839.9024 58 686714.3411 60 40418156.0656 Coefficients Standard Error -90.2166 113.1013 9.2169 0.1716 2.5069 0.8994 E t Stat P-value -0.7977 0.4283 53.7184 0.0000 2.7873 0.0072 Significance F 0.0000 Lower 95% -316.6134 8.8735 0.7065 Upper 95% 136.1802 9.5604 4.3073 Lower 95% -316.6134 8.8735 0.7065 Upper 95% 136.1802 9.5604 4.3073 A b2, b1, b0 intercepts b2, b1, b0 Standard Error R Square, Standard Error F, Residual df Regression SS, Residual SS Confidence level t Critical Value Half Width b0 Half Width b1 Half Width b2 Calculations 9.2169 -90.2166 2.5069 0.8994 0.9830 1677.8619 39731441.72 686714.3411 #N/A 0.1716 113.1013 108.8113 #N/A 58 #N/A 7 7 95% 2.0017 226.3968 0.3435 1.8004 IN ✓
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