Exhibit 15-8.A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $),the number of bedrooms (x₁),the number of bathrooms (x₂),and its square footage (x₃).She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 15-8.When testing whether the explanatory variables are jointly significant at the 5% level,she A)Rejects H₀,and concludes that the explanatory variables are jointly significant. B)Does not reject H₀,and concludes that the explanatory variables are jointly significant. C)Rejects H₀,and concludes that the explanatory variables are not jointly significant. D)Does not reject H₀,and concludes that the explanatory variables are not jointly significant.

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The Answer of Exhibit 15-8.A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $),the number of bedrooms (x₁),the number of bathrooms (x₂),and its square footage (x₃).She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 15-8.When testing whether the explanatory variables are jointly significant at the 5% level,she A)Rejects H₀,and concludes that the explanatory variables are jointly significant. B)Does not reject H₀,and concludes that the explanatory variables are jointly significant. C)Rejects H₀,and concludes that the explanatory variables are not jointly significant. D)Does not reject H₀,and concludes that the explanatory variables are not jointly significant.