The following table shows a portion of the regression results. MS SS 5,694,717 F Significance F 1,343,176 7,037,893 Regression…

Question:

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The following table shows a portion of the regression results.

MS

SS

5,694,717

F Significance F

1,343,176

7,037,893

Regression

Residual

Total

Intercept

Bedroom

Bath

Sq ft

df

39

Coefficients Std. Error

300

226

89

0.2

84.0

60.3

55.9

0.09

t-stat

(a)

(b)

(c)

(d)

p-value

(e)

(f)

(g)

(h)

Lower 95%

130.03

103.45

-24.24

0.024

Upper 95%

470.79

348.17

202.77

0.39

1. Form the competing hypotheses if we wish to test for

whether the number of bedrooms significantly influences

rent.

2. Calculate the test statistics for all variables: (a) until (d).

3. Approximate the p-value for all variables: (e) until (h).

Expert Answer:

Answer rating: 100% (QA)

Form the competing hypotheses if we wish to test for whether the number of bedrooms significantly influences rent Hypothesis test Null hypothesis H0 The number of bedrooms does not significantly influ

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