The statsmodels ols() method is used on an exam scores dataset to fit a multipleregression model using Exam4 as the response variable. Exam1, Exam2, and Exam3are used as predictor variables. The general form of this model is:Y = Po + P,Examl+ B2Exam2 + B3Exam3If the level of significance, alpha, is 0.10, based on the output shown, is Exam1statistically significant in the multiple regression model shown above? Select one.A text version of this output is available.OLS Regression ResultsDep. Variable:Model:Method:R-squared:Adj. R-squared:F-statistic:Prob (F-statistic):Log-Likelihood:AIC:BIC:0.1780.1253.3290.0276-169.85347.7355.4Exam4Date:Time:No. Observations:Df Residuals:Df Model:Covariance Type:OLSLeast SquaresSun, 18 Aug 201910:59:1250463nonrobustcoefstd errtP>|t|[0.0250.975]InterceptExamlExam2Exam346.26120.17420.14620.057510.9690.1200.0780.0534.2171.4531.8731.0850.0000.1530.0670.28424.181-0.067-0.011-0.04968.3410.4160.3030.164Omnibus:Prob(Omnibus):skew:Kurtosis:0.8860.6420.2902.868Durbin-Watson:Jarque-Bera (JB):Prob(JB):Cond. No.1.5300.7380.6911.41e+03 Null Hypothesis Ho: B1 = 0Alternative Hypothesis H;: B1 # 0P-value = 0.153Since the P-value is greater than the level of significance, alpha, reject the nullhypothesis. Conclude that the estimate for the Exam1 parameter is non-zero.Therefore, Exam1 is statistically significant in the multiple regression model.Null Hypothesis H,: B1 = 0Alternative Hypothesis H1: B1 + 0P-value = 0.1742%3DSince the P-value is greater than the level of significance, alpha, reject the nullhypothesis and conclude that the estimate for the Exam1 parameter is non-zero.Therefore, Exam1 is statistically significant in the multiple regression model.Null Hypothesis Ho: B1 = 0Alternative Hypothesis H1: B1 + 0P-value = 0.153%3DSince the P-value is greater than the level of significance, alpha, do not reject thenull hypothesis. Conclude that the estimate for the Exam1 parameter is zero.Therefore, Exam1 is not statistically significant in the multiple regression model..Null Hypothesis Ho: B1 = 0Alternative Hypothesis H1: B1 + 0P-value = 0.1742Since the P-value is greater than the level of significance, alpha, do not reject thenull hypothesis. Conclude that the estimate for the Exam1 parameter is zero.Therefore, Exam1 is not statistically significant in the multiple regression model.

The null and alternative hypotheses are: H0: β1=0 H1: β1≠0

Answered: The statsmodels ols() method is used on…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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