Exhibit 13-8
The following estimated regression model was developed relating yearly income Y in $1,000s) of 30 individuals with their age X1) and their gender X2) 0 if male and 1 if female).
$\hat { Y }$ =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. If we want to test for the significance of the model, the critical value of F at 95% confidence is
A) 3.33
B) 3.35
C) 3.34
D) 2.96

Question

Exhibit 13-8
The following estimated regression model was developed relating yearly income Y in $1,000s) of 30 individuals with their age X1) and their gender X2) 0 if male and 1 if female).
 $\hat { Y }$ =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. If we want to test for the significance of the model, the critical value of F at 95% confidence is
A) 3.33
B) 3.35
C) 3.34
D) 2.96

Quizplus · Accepted Answer

The Answer of Exhibit 13-8
The following estimated regression model was developed relating yearly income Y in $1,000s) of 30 individuals with their age X1) and their gender X2) 0 if male and 1 if female).
 $\hat { Y }$ =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. If we want to test for the significance of the model, the critical value of F at 95% confidence is
A) 3.33
B) 3.35
C) 3.34
D) 2.96

Exhibit 13-8 the Following Estimated Regression Model Was Developed Relating Y^\hat { Y }Y^

Exhibit 13-8
the Following Estimated Regression Model Was Developed Relating $\hat { Y }$