Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed. Also, the following standard errors and the sum of squares were obtained.
S b1 = 3
S b2 = 6
S b3 = 7
SST = 4,800
SSE = 1,296
-Refer to Exhibit 16-1. The p-value for testing the significance of the regression model is
A)less than 0.01
B)between 0.01 and 0.025
C)between 0.025 and 0.05
D)between 0.05 and 0.1

Question

Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed.  Also, the following standard errors and the sum of squares were obtained.
S b1 = 3
S b2 = 6
S b3 = 7
SST = 4,800
SSE = 1,296
-Refer to Exhibit 16-1. The p-value for testing the significance of the regression model is
A)less than 0.01 
B)between 0.01 and 0.025 
C)between 0.025 and 0.05 
D)between 0.05 and 0.1

Quizplus · Accepted Answer

The p-value for testing the significance of the regression model is less than 0.01, which means that the model is statistically significant.

Exhibit 16-1 In a Regression Analysis Involving 25 Observations, the Following Estimated