The following table shows a portion of the regression results. SS F F-stat 5,694,717 dt Regression df df Residual…

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The following table shows a portion of the regression results.

SS

F

F-stat

5,694,717

dt

Regression df₁

df₂

Residual

Total

39

Coefficients Std. Error

300

226

Intercept

Bedroom

Bath

Sq ft

89

0.2

1,343,176

7,037,893

84.0

60.3

55.9

0.09

MS

MSR

MSE

t-stat

p-value

Significance F

p-value

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 independent variables are jointly significant in influencing

rent.

2. Calculate df, df₂, MSR, MSE and the F-test statistic of the joint

significance.

3. Approximate the p-value for the F-test statistic.

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