TABLE 15-2

-Referring to Table 15-2, is the overall model statistically adequate at a 0.05 level of significance for predicting sale price (Y)?
A) No, since some of the t tests for the individual variables are not significant.
B) No, since the standard deviation of the model is fairly large.
C) Yes, since none of the β-estimates are equal to 0.
D) Yes, since the p-value for the test is smaller than 0.05.

Question

TABLE 15-2

-Referring to Table 15-2, is the overall model statistically adequate at a 0.05 level of significance for predicting sale price (Y)?
A) No, since some of the t tests for the individual variables are not significant. 
B) No, since the standard deviation of the model is fairly large. 
C) Yes, since none of the β-estimates are equal to 0. 
D) Yes, since the p-value for the test is smaller than 0.05.

Quizplus · Accepted Answer

The overall model is statistically adequate if the p-value for the test of the overall model is less than the significance level (0.05), indicating that at least one predictor is significantly related to the response variable.

TABLE 15-2 -Referring to Table 15-2, Is the Overall Model Statistically Adequate