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0) Someone claims that R-squared of this regression is very low, thus the model is hot a valid model. Run the test of the overall
0) Someone claims that R-squared of this regression is very low, thus the model is hot a valid model. Run the test of the overall validity of the model. Write the null and alternative hypotheses. Find the test statistic and explain if the model is valid or not. (Use the critical value of 3.56 for 5% significance level). Is the p-value more than or less than 5%? Explain. (10 points)
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