Exhibit 16-2
In a regression model involving 30 observations, the following estimated regression equation was obtained. For this model, SSR = 1,740 and SST = 2,000.
-Refer to Exhibit 16-2. 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 16-2
In a regression model involving 30 observations, the following estimated regression equation was obtained.  For this model, SSR = 1,740 and SST = 2,000.
-Refer to Exhibit 16-2. 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 is less than 0.01, indicating strong evidence against the null hypothesis, suggesting the regression model is statistically significant.

Exhibit 16-2 In a Regression Model Involving 30 Observations, the Following Estimated