A Multiple Regression Is Shown for a Data Set of Yachts

question 12

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:

Dishonored

A term used when a financial instrument, such as a check or bill of exchange, is not paid upon presentation or when agreed terms are not met.

Due Date

The due date is the specified date by which a task, obligation, or payment is required to be completed or submitted.

Maker

The individual or entity that creates or issues a financial instrument, such as a check or a promissory note.

Note Receivable

A written promise that one party will pay another party a specified sum of money, either on demand or at a set future date.