A Multiple Regression Is Shown for a Data Set of Yachts

question 144

Multiple Choice

A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Given this information, which is correct regarding the test of the overall model using the 0.10 level of significance?

• A) The overall model does not have significant ability to predict the price of a yacht because p-value = .163 is greater than 0.10
• B) The overall model has significant ability to predict the price of a yacht because p-value = 0.163 is greater than 0.10
• C) The overall model does not have significant ability to predict the price of a yacht because p-value = .001 is less than 0.10
• D) The overall model has significant ability to predict the price of a yacht because p-value = .001 is less than 0.10

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Definitions:

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