Question
To test for the overall significance of the regression model from the above output, we can assume: (a) The constant term has a t-test statistic
To test for the overall significance of the regression model from the above output, we can assume:
(a) The constant term has a t-test statistic of 0.3259 and has a p-value of 0.7452 indicating the entire model is not significant.
OR
(b) There is overall significance as the F-test statistic is 45.2456 with a p-value of 1.69349E-25, indicating at least one predictor variable significantly contributes.
OR
(c)There is overall significance as the t test for the slope of the Living Area variable is 7.9428 and has a p-value of 4.46E-12, indicating the entire 6-predictor model is significant and should be used.
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