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Dlarenti Dlarenti
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8 months ago
Use the following information to answer the question(s) below.

A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square feet (Living Area) and the number of bedrooms (Bedrooms). The following Excel output shows the partially completed regression output from a random sample of homes that have recently sold.






Which one of the following statements describes the results of the hypothesis test for the overall regression model using α = 0.05?

▸ Because the p-value is greater than alpha, we reject the null hypothesis and conclude that there is a relationship between the dependent variable and the independent variables.

▸ Because the p-value is greater than alpha, we fail to reject the null hypothesis and conclude that there is no relationship between the dependent variable and the independent variables.

▸ Because the p-value is less than alpha, we fail to reject the null hypothesis and conclude that there is no relationship between the dependent variable and the independent variables.

▸ Because the p-value is less than alpha, we reject the null hypothesis and conclude that there is a relationship between the dependent variable and the independent variables.
Textbook 

Business Statistics


Edition: 2nd
Author:
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Natalie P.Natalie Price
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8 months ago
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More questions for this book are available here
Because the p-value is less than alpha, we reject the null hypothesis and conclude that there is a relationship between the dependent variable and the independent variables.

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