A real estate analyst estimates the following regression, relating a house price to its square footage (Sqft):

In an attempt to improve the results, he adds two more explanatory variables: the number of bedrooms (Beds) and the number of bathrooms (Baths). The estimated regression equation is

a. Formulate the hypotheses to determine whether Beds and Baths are jointly significant in explaining Price.

b. Calculate the value of the test statistic.

c. At the 5% significance level, find the critical value(s).

d. What is the conclusion to the test?