In a multiple regression involving 24 observations and 3 independent variables, the estimated regression equation is . For this model, SST = 800 and SSE = 245. The value of the F statistic for testing the significance of the model is 15.102.

Question

In a multiple regression involving 24 observations and 3 independent variables, the estimated regression equation is  . For this model, SST = 800 and SSE = 245. The value of the F statistic for testing the significance of the model is 15.102.

Quizplus · Accepted Answer

The F statistic is calculated by dividing the explained variability (SST-SSE) by the unexplained variability (SSE) and adjusting for the number of independent variables and sample size. In this case, the calculated F statistic is 15.102, which means that the model is significant at the alpha=0.05 level. Therefore, the answer is A, true.

In a Multiple Regression Involving 24 Observations and 3 Independent