Question: The following ANOVA table was obtained when estimating a multiple linear regression model. ANOVA dfSSMSFSignificance F Regression222,016.7511,008.3750.0228Residual1739,286.932,310.996Total1961,303.68 a-1. How many explanatory variables were specified in

The following ANOVA table was obtained when estimating a multiple linear regression model.

ANOVAdfSSMSFSignificance FRegression222,016.7511,008.3750.0228Residual1739,286.932,310.996Total1961,303.68

a-1.How many explanatory variables were specified in the model?

a-2.How many observations were used?

b.Choose the hypotheses to determine whether the explanatory variables are jointly significant.

  • H0:1=2= 0;HA: At least onej> 0
  • H0:1=2= 0;HA: At least onej 0
  • H0:1=2= 0;HA: At least onej< 0

c.Compute the value of the test statistic.(Round your answer to 3 decimal places.)

d-1.Find thep-value.

p-value < 0.01

d-2.At the 5% significant level, what is the conclusion to the test?

RejectH0; the explanatory variables are jointly significant.

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