Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x 1 ) and their gender (x 2 ) (0 if male and 1 if female). = 30 + 0.7x 1 + 3x 2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. If we want to test for the significance of the model, the critical value of F at a 5% significance level is
A)3.33
B)3.35
C)3.34
D)2.96

Question

Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x 1 ) and their gender (x 2 ) (0 if male and 1 if female).  = 30 + 0.7x 1 + 3x 2 
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. If we want to test for the significance of the model, the critical value of F at a 5% significance level is
A)3.33 
B)3.35 
C)3.34 
D)2.96

Quizplus · Accepted Answer

The Answer of Exhibit 15-8
The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x 1 ) and their gender (x 2 ) (0 if male and 1 if female).  = 30 + 0.7x 1 + 3x 2 
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. If we want to test for the significance of the model, the critical value of F at a 5% significance level is
A)3.33 
B)3.35 
C)3.34 
D)2.96

Exhibit 15-8 The Following Estimated Regression Model Was Developed Relating Yearly Income