Exhibit 16-1 In a Regression Analysis Involving 25 Observations, the Following Estimated

question 70

Multiple Choice

Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed. Also, the following standard errors and the sum of squares were obtained.
S_b1 = 3
S_b2 = 6
S_b3 = 7
SST = 4,800
SSE = 1,296
-Refer to Exhibit 16-1. The p-value for testing the significance of the regression model is

• A)less than 0.01
• B)between 0.01 and 0.025
• C)between 0.025 and 0.05
• D)between 0.05 and 0.1

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