TABLE 14-10
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:

-Referring to Table 14-10, the multiple regression model is significant at a 10% level of significance.

Question

TABLE 14-10
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:
 
-Referring to Table 14-10, the multiple regression model is significant at a 10% level of significance.

Quizplus · Accepted Answer

The significance of a multiple regression model at a 10% level would depend on the p-value of the F-test for the overall model. Without specific p-value information from Table 14-10, we cannot determine significance.

TABLE 14-10 You Worked as an Intern at We Always Win Car