A sample of 33 companies was randomly selected and a multiple regression model was performed using average annual bonus and trust index (scale of 0 - 100) to
Explain turnover rate. According to the output below, what is the F statistic to
Determine the overall significance of the estimated is $$\begin{array}{l}
\text { Analysis of Variance }\
\begin{array} { l r r r }
\text { Source } & \text { DF } & \text { SS } & \text { MS } \
\text { Regression } & 2 & 262.73 & 131.36 \
\text { Residual Error } & 30 & 67.27 & 2.24 \
\text { Total } & 32 & 330.00 &
\end{array}
\end{array}$$
A) 58.64
B) 1.497
C) 131.36
D) 78.3
E) 2.24

Question

A sample of 33 companies was randomly selected and a multiple regression model was performed using average annual bonus and trust index (scale of 0 - 100) to
Explain turnover rate. According to the output below, what is the F statistic to
Determine the overall significance of the estimated is $$\begin{array}{l}
\text { Analysis of Variance }\
\begin{array} { l r r r } 
\text { Source } & \text { DF } & \text { SS } & \text { MS } \
\text { Regression } & 2 & 262.73 & 131.36 \
\text { Residual Error } & 30 & 67.27 & 2.24 \
\text { Total } & 32 & 330.00 &
\end{array}
\end{array}$$
A) 58.64
B) 1.497
C) 131.36
D) 78.3
E) 2.24

Quizplus · Accepted Answer

The F-statistic to determine the overall significance of the estimated model is found in the ANOVA table under the Regression row and MS column. It is calculated by dividing the MS (131.36) by the MSE (2.24) and results in a value of approximately 58.64. Therefore, the correct answer is A.

A Sample of 33 Companies Was Randomly Selected and a Multiple