When Estimating Y = β₀ + β₁x₁ + β₂x₂

question 4

Multiple Choice

When estimating y = β₀ + β₁x₁ + β₂x₂ + β₃x₃ + ε, you wish to test H₀: β₁ = β₂ = 0 versus . The value of the test statistic is F_(2,20) = 2.50 and its associated p-value is 0.1073. At the 5% significance level, the conclusion is to ________.

• A) reject the null hypothesis; we can conclude that x₁ and x₂ are jointly significant
• B) reject the null hypothesis; we cannot conclude that x₁ and x₂ are jointly significant
• C) not reject the null hypothesis; we can conclude that x₁ and x₂ are jointly significant
• D) not reject the null hypothesis; we cannot conclude that x₁ and x₂ are jointly significant

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