Question: Trying to understand how to solve this: In a regression model, with Human Resources data to measure job score performances of workers (Y) based on
Trying to understand how to solve this:
In a regression model, with Human Resources data to measure job score performances of workers (Y) based on their scores on a test (X), following a trial period. With a sample of 22 workers, these were the estimates:
Sum of Xi= 2193
SSxx=1820.773
b0=-85.6617
b1=1.75812
MSE=59.16687
sb1=0.18027
1-What is the P-Value of the test to see if the model is useful in predicting the job test scores?
With the following information:
y(hat)i=-145.069+0.38432x1+0.12914x2+1.49277x3+0.33924x4
sst=9629.86364
standard error=3.38805
2- What is the value of the test statistic to test the how useful this model is?
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