Question

To test for the overall significance of the regression model from the above output, we can assume: A or B or C

A.) There is overall significance as the F-test statistic is 45.2456 with a p-value of 1.69349E-25, indicating at least one predictor variable significantly contributes.

B.) The constant term has a t-test statistic of 0.3259 and has a p-value of 0.7452 indicating the entire model is not significant.

C.) There is overall significance as the t test for the slope of the Living Area variable is 7.9428 and has a p-value of 4.46E-12, indicating the entire 6-predictor model is significant and should be used.

Answer 1

To test for the overall significance of the regression model from the above output, we can assume: OPTION A:

There is an overall significance as the F-test statistic is 45.2456 with a p-value of 1.69349E-25, indicating at least one predictor variable significantly contributes.