A study has recently been conducted by a major computer magazine publisher in which the objective was to develop a multiple regression model to explain the variation in price of personal computers.Three independent variables were used.The following computer printout shows the final output.However,several values are omitted from the printout. Given this information,using an alpha = .05 level,you can conclude that the overall regression model is statistically significant.

Question

A study has recently been conducted by a major computer magazine publisher in which the objective was to develop a multiple regression model to explain the variation in price of personal computers.Three independent variables were used.The following computer printout shows the final output.However,several values are omitted from the printout.  Given this information,using an alpha = .05 level,you can conclude that the overall regression model is statistically significant.

Quizplus · Accepted Answer

The F-statistic value of 71.29 with a p-value of 0.000 (which is less than 0.05) indicates that the overall regression model is statistically significant, and we can conclude that at least one of the independent variables has a statistically significant effect on the price of personal computers.

A Study Has Recently Been Conducted by a Major Computer