Exhibit 16-1 In a Regression Analysis Involving 25 Observations, the Following Estimated

question 20

Multiple Choice

Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed. = 10 - 18x₁ + 3x₂ + 14x₃
Also, the following standard errors and the sum of squares were obtained.S_b1 = 3 S_b2 = 6 S_b3 = 7
SST = 4,800 SSE = 1,296
-Refer to Exhibit 16-1. The coefficient of x₃

• A)is significant
• B)is not significant
• C)cannot be tested, because not enough information is provided
• D)None of these alternatives is correct.

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Utility Function

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