Question

Use the following regression model and statistical data for the dependent variable BUS TRAVEL. N =...

Use the following regression model and statistical data for the dependent variable BUS TRAVEL.

N = 40 Observations

Mean of Dependent Variable = 1933.175               

R-square = .0907

Standard Deviation of Dependent Variable = 2431.757

Error Sum of Squares = 1.821      

Standard Error of Residual = 742.911

F-statistic = 64.143

p-value = .0001

What is the level of confidence for the overall model?

Group of answer choices

95%

not significant at a 90%, 95%, or 99% confidence level

99%

90%

Math   Statistics-And-Probability   
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Answer #1

we have given

N = 40 Observations

Mean of Dependent Variable = 1933.175               

R-square = .0907

Standard Deviation of Dependent Variable = 2431.757

Error Sum of Squares = 1.821      

Standard Error of Residual = 742.911

F-statistic = 64.143

p-value = .0001

since p value is less than 0.01,0.05,0.10 so the model will significant at 90,95 an 99 as well so

the best level of confidence for the overall model is 99%

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