A Multiple Regression Analysis Produced the Following Tables $\alpha$ = 001 to Test the Null Hypothesis H₀

question 22

Multiple Choice

A multiple regression analysis produced the following tables:
Using $\alpha$ = 0.01 to test the null hypothesis H₀: $\beta$ ₁ = $\beta$ ₂ = 0,the critical F value is ___.

• A)5.42
• B)5.49
• C)7.60
• D)3.35
• E)2.49

---

Definitions:

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, showing the sensitivity of quantity demanded to price changes.

Grapes

Edible berries, typically growing in clusters on a vine, used in making wine, eaten fresh, or dried to produce raisins.

Demand Function

A mathematical function showing the quantity of a good demanded at different prices.

Price Elasticity

Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.