Question
Question 7 An insurance company is interested in determining whether there was a relationship between Y = amount insured (in thousands of dollars) and three
Question 7
An insurance company is interested in determining whether there was a relationship between Y = amount insured (in thousands of dollars) and three variables that they believe influenced the amount of insurance that the individual purchased.
These variables are:
X1 = age of the person who is being insured.
X2 = The income of the person who is being insured
X3 = 1 if the person was healthy in terms of build and blood pressure
= 0 otherwise.
To study this further, they took a sample of 64 policies and obtained the following results:
SSR = 200,000
SST = 800,000
Compute the F value for testing: H0: 1 = 2 =3 =0 against
H1: at least one of the i 0
and state whether the results are statistically significant or not.
Question 7 options:
| F = 6.67; Statistically Significant | |
| F = 30.00; Statistically Significant | |
| F = 2.44; Not Statistically Significant | |
| F = 30.00; Not Statistically Significant | |
| F = 6.67; Not Statistically Significant |
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Fundamentals of Database Systems
Authors: Ramez Elmasri, Shamkant Navathe
6th edition
136086209, 978-0136086208
