A Real Estate Analyst Believes That the Three Main Factors

question 19

Multiple Choice

A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y, in $) , the number of bedrooms (x₁) , the number of bathrooms (x₂) , and its square footage (x₃) . She estimates the following model: Rent = β₀ + β₁Bedroom + β₂Bath + β₃Sqft + ε. The following table shows a portion of the regression results. Which of the following is the value of the test statistic for testing the joint significance of the linear regression model?

• A) 1.59
• B) 2.22
• C) 3.75
• D) 50.88

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