Below You Are Given a Partial Computer Output from a Multiple

question 1

Multiple Choice

Below you are given a partial computer output from a multiple regression analysis based on a sample of 16 observations. $$\begin{array}{l}\begin{array} { l l } \text { Coefficients } & \text { Standard Error } \\12.924 & 4.425 \\- 3.682 & 2.630 \\45.216 & 12.560\end{array}\\\text { Analysis of Variance }\\\begin{array} { l l l l l } \text { Source of } & \text { Degrees of } & \text { Sum of } & \text { Mean } \\\text { Variation } & \text { Freedom } & \text { Squares } & \text { Square }\end{array} \quad F\end{array}$$
Carry out the test to determine if there is a relationship among the variables at the 5% level.The null hypothesis should

• A) be rejected.
• B) not be rejected.
• C) be revised to test for multicollinearity.
• D) test for individual significance instead.

---

Definitions:

Population

Refers to the total number of people living in a particular area or country at a specific time.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Economically Inefficient

A situation where resources are not allocated optimally, leading to waste or the inability to maximize value or output.

Nonrivalry

The idea that one person’s benefit from a certain good does not reduce the benefit available to others; a characteristic of a public good.