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: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables jointly influence the response variable,the null hypothesis is ________. A) H₀: β₀ = β₁ = β₂ = β₃ = 0 B) H₀:β₁ = β₂ = β₃ = 0 C) H₀: β₀ + β₁ + β₂ + β₃ = 0 D) H₀:β₁ + β₂ + β₃ + 0

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The Answer of 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: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables jointly influence the response variable,the null hypothesis is ________. A) H₀: β₀ = β₁ = β₂ = β₃ = 0 B) H₀:β₁ = β₂ = β₃ = 0 C) H₀: β₀ + β₁ + β₂ + β₃ = 0 D) H₀:β₁ + β₂ + β₃ + 0

A Real Estate Analyst Believes That the Three Main Factors