An antiques dealer is interested in factors that might influ
An antiques dealer is interested in factors that might influence the final selling price of grandfather clocks at auction. Her data (from 32 previously auctioned clocks) includes the age of the clock (Age), the number of bidders (Bidders) at the auction, and the final selling price (Y) of the clocks.
Which of the following is the correct statement of the overall Model F test?
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Solution
OPTION B: Ho: B1 = B2 = 0 vs H1: at least one beta term is not equal to 0. [ANSWER]
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The essence of the F test is to check whether at least one of the predictors is helpful in predicting the dependent variable (that is, at least one beta term is not 0.]

