A cable company would like to develop the ability to predict the monthly cable b

Question

A cable company would like to develop the ability to predict the monthly cable bill for a customer. A multiple regression model was developed using a random sample of customers using three independent variables. The independent variables are TV (the number of televisions in the household), People (the number of people living in the household), and Years (the number of years that the household has been a customer). Complete parts a through c below EEB Click the icon to view the regression output a. Calculate the multiple coefficient of determination. R2 0.5412 (Round to four decimal places as needed) b. Test the significance of the overall regression model using 0 05 State the null and alternative hypotheses. Choose the correct answer below.

Explanation / Answer

P value , use excel function

1-F.DIST(14.16,3,36,TRUE)

= 0.0000

So, P value is 0.0000

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