Question: a. State and test the appropriate hypothesis to determine whether the regression coefficients jointly have any explanatory power using the 5-percent level of significance.(Explain what

a.State and test the appropriate hypothesis to determine whether the regression coefficients jointly have any explanatory power using the 5-percent level of significance.(Explain what evidence you used from your regression output in reaching your conclusion).

b.State and test the appropriate hypotheses concerning each of the regression coefficients individually using the t-test at the 5-percent level of significance. (Explain what evidence you used from your regression output in reaching your conclusion.)

c.Did the signs of the estimated coefficients on DIVSEP and UNEMP match your expectations?

d.Did the sign of the estimated coefficient on ADVICE match your expectation? What problems do you see with this model/data that could violate some of the assumptions we make with OLS models?

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