Question: Consider the given model: log(LS) = 0 + log(income) + work_hour + Bage Note that LS represents life satisfaction of an individual (changing between

Consider the given model: log(LS) = 0 + log(income) + work_hour +

Consider the given model: log(LS) = 0 + log(income) + work_hour + Bage Note that LS represents life satisfaction of an individual (changing between 5 and 35), income represents monthly income, work_hour shows average weekly working hours, and age shows age of the individual. Null hypothesis is stated as follows: = = Ho: B1 B2 B3 = 0 F-test value is 7.82, and probability of F-statistic is 0.0001. Interpret the result of the hypothesis test.

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