In the following regression Price = 119.2 + 0.485BDR+23.4Bath +0.156Hsize + 0.002Lsize +0.09 (23.9) (2.61) (8.94) (0.011) (0.00048) (0.311) (10.5) The F-statistic for omitting BDR and Age from the regression is F-statistic=0.08, which has a p-value=0.98. Are the coefficients on BDR and Age statistically significantly different from 0 at 5% level? O Yes, significantly different from 0 since the p-value>0.05. O No, not significantly different from 0 since the p-value>0.05. We don't know O depends on sample size

In the following regression Price = 119.2 + 0.485BDR+23.4Bath +0.156Hsize + 0.002Lsize +0.09 (23.9) (2.61) (8.94) (0.011) (0.00048) (0.311) (10.5) The F-statistic for omitting BDR and Age from the regression is F-statistic=0.08, which has a p-value=0.98. Are the coefficients on BDR and Age statistically significantly different from 0 at 5% level? O Yes, significantly different from 0 since the p-value>0.05. O No, not significantly different from 0 since the p-value>0.05. We don't know O depends on sample size

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 1E

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