TABLE 17-5
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend 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 EXCEL and obtained the following information:
-True or False: Referring to Table 17-5,to test the significance of the multiple regression model,the null hypothesis should be rejected while allowing for 1% probability of committing a type I error.

Question

TABLE 17-5
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend 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 EXCEL and obtained the following information: 
-True or False: Referring to Table 17-5,to test the significance of the multiple regression model,the null hypothesis should be rejected while allowing for 1% probability of committing a type I error.

Quizplus · Accepted Answer

Without the specific details of Table 17-5, it is impossible to determine whether the null hypothesis should be rejected at a 1% significance level.

TABLE 17-5 You Worked as an Intern at We Always Win Car