After estimating the regression model in Question 1, you want to test

at the 5% significance level. Choose the correct statement.

We reject because the standard error of is approximately 0.128. We reject because the maximum of the pvalues associated with and is larger than 0.05. We do not have sufficient evidence to reject because 2 0.67. We have to test two restrictions jointly and the critical value for this test is 3. For this test, the F statistic is 154.9 and we use the F distribution with degrees of freedom 3 and 216