Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:

-Referring to Instruction 13.20,to test the significance of the multiple regression model,what is the form of the null hypothesis?
A) H 0 : $\beta$ 0 = $\beta$ 1 = $\beta$ 2 = $\beta$ 3
B) H 0 : $\beta$ 1
C) H 0 : $\beta$ 1 = $\beta$ 2 = $\beta$ 3
D) H 0 : $\beta$ 0

Question

Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:
 
-Referring to Instruction 13.20,to test the significance of the multiple regression model,what is the form of the null hypothesis? 
A) H 0 : $\beta$ 0 = $\beta$ 1 = $\beta$ 2 = $\beta$ 3 
B) H 0 : $\beta$ 1 
C) H 0 : $\beta$ 1 = $\beta$ 2 = $\beta$ 3 
D) H 0 : $\beta$ 0

Quizplus · Accepted Answer

The Answer of Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:
 
-Referring to Instruction 13.20,to test the significance of the multiple regression model,what is the form of the null hypothesis? 
A) H 0 : $\beta$ 0 = $\beta$ 1 = $\beta$ 2 = $\beta$ 3 
B) H 0 : $\beta$ 1 
C) H 0 : $\beta$ 1 = $\beta$ 2 = $\beta$ 3 
D) H 0 : $\beta$ 0

Instruction 13 β\betaβ 0 = β\betaβ 1 = β\betaβ 2 = β\betaβ 3 B) H0

Instruction 13 $\beta$ ₀ = $\beta$ ₁ = $\beta$ ₂ = $\beta$ ₃
B)H₀