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123456789ABCD 123456789ABCD
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2 years 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 test statistic is greater than the critical value, we reject the null hypothesis and conclude that there is a relationship between the dependent variable and the independent variables.

▸ Because the test statistic is greater than the critical value, we fail to reject the null hypothesis and conclude that there is a relationship between the dependent variable and the independent variables.

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

▸ Because the test statistic is less than the critical value, we reject the null hypothesis and conclude that there is no relationship between the dependent variable and the independent variables.
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
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faulkeerybfaulkeeryb
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123456789ABCD Author
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2 years ago
Thank you, thank you, thank you!
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Thanks for your help!!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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