A) The overall model does not have significant ability to predict the price of a

Question

A) The overall model does not have significant ability to predict the price of a yacht because p-value = .001 is less than 0.10 Regression Statistics 0.82731 Multiple R 0.68445 R Square 0.60030 Adjusted R Square Standard Error 37.40252 Observations ANOVA SSS MS F Significance Fl Regression 4 45515.77 11378.94 8.13 0.00 107 Residual 15 20984.23 1398.95 Total 66500.00 Coefficients Standard Error t Stat value Lower 95% Upper 95% 120.50886 82.22254 1.46564 0.16339 54,74434. 295.76205 Intercept 7.46415 Rooms 12.24022 0.60981 0.55112 18.62526 33.55355 -1.7783 -0.33084 0.7179 2.47713 0.02564 -0.02482 2.82719 5.81463 Length 1.40160 2.01711 0.06195 0.16025 Nav. Equip 0.35408 0.22411 1.57995 0.13497 0.12360 0.83176

Explanation / Answer

We know that , we reject Ho if F is greater than F critical . Hence result is significant.

Pvalue is less than 0.10 then we reject Ho.

D)The overall model has significant ability to predict the price of yacht because pvalue is less than 0.10

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