Home /
Expert Answers /
Statistics and Probability /
use-the-p-value-of-the-corresponding-test-to-determine-the-significance-of-the-model-autosales-b-pa494
(Solved): Use the p-value of the corresponding test to determine the significance of the model AutoSales =\b ...
Use the p-value of the corresponding test to determine the significance of the model
AutoSales =\beta _(0)+\beta _(1)**( HouseholdIncome )+\beta _(2)( PopulationSize )+\epsi lonat a
10%level of significance. Is the model overall significant and why? P-value is about 0.00009 which means the model is not significant. P-value is about 9.29 which is less than
10%. Yes the model overall is significant. P-value is about 9.29 which is more than 0.1 . No, the model overall is not significant. P-value is about 0.00009 which is less than 0.1 . Yes the model overall is significant.
