Instruction 13.17
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.17,which of the following values for α is the smallest for which the regression model as a whole is significant?
A) 0.001
B) 0.01
C) 0.05
D) 0.00005

Question

Instruction 13.17
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
  Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.17,which of the following values for α is the smallest for which the regression model as a whole is significant?
A) 0.001 
B) 0.01 
C) 0.05 
D) 0.00005

Quizplus · Accepted Answer

The smallest value of α for which the regression model is significant is the one that is just below the p-value of the test. Since 0.001 is the smallest among the given options, it is the correct choice.

Instruction 13.17 A Microeconomist Wants to Determine How Corporate Sales Are Influenced