A real estate analyst believes that the three main factors that influence an apa

Question

A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y, in $), the number of bedrooms (x_1), the number of bathrooms (x_2), and its square footage (x_3). She estimates the following model: Rent = beta_0 + beta_1 Bedroom + beta_2 Bath + beta_3 Sqft + epsilon. The following table shows a portion of the regression results. Which of the following is the value of the test statistic for testing the joint significance of the linear regression model? 1.59 50.88 2.22 3.75

Explanation / Answer

Answer is 50.88.

The test statistics for testing the joint significance of the linear regression model is 50.88

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