A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $),the number of bedrooms (x₁),the number of bathrooms (x₂),and its square footage (x₃).She estimates the following model: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. Which of the following is the value of the test statistic for testing the joint significance of the linear regression model? A) 1.59 B) 2.22 C) 3.75 D) 50.88

Question

Quizplus · Accepted Answer

The test statistic for testing the joint significance of the linear regression model is F-statistic, which is given in the ANOVA table. In this case, the F-statistic is 50.88, which is the value in the "F" column of the "Model" row.

A Real Estate Analyst Believes That the Three Main Factors