Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 724: 29c

Answer

$F_0=5.72$ with a P-value $\ltα$. Reject the null hypothesis. There is enough evidence to conclude that there is a linear relation between at least one of the explanatory variables and the asking price.

Work Step by Step

$H_0: β_1=β_2=β_3=0$ versus $H_1: at~least~one~β_i\ne0$ See the results obtained in item (b) $F_0=5.72$. P-value $\lt0.018\ltα=0.05$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.