The following Excel out put provides the estimated multiple linear regression eq

Question

The following Excel out put provides the estimated multiple linear regression equation with education (x_1), length of tenure in current employment (x_2), age (x_3) as the independent variables. a. Use the F test to determine the overall significance of the relationship. What is your conclusion at the 0.05 level of significance? Use the t test to determine the significance of each independent variable? What are your conclusions at the 0.05 level of significance? b. How much of the variation in the sample values of delay does this estimated recession equation explain?

Explanation / Answer

a) since p value is very lower we say that we reject Ho

that means that there is a relationship between varibles

b)

using R square we can say that 60.83% of the variation is explained by the model

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