Asked by Ravneet Dhillon on Apr 30, 2024

verifed

Verified

{Real Estate Builder Narrative} Which of the following values for the level of significance is the smallest for which at least two explanatory variables are significant individually: α = .01,.05,.10,and .15?

Level of Significance

A threshold in hypothesis testing that determines whether an observed effect is considered statistically significant.

Explanatory Variables

are variables in a statistical model that are presumed to influence or cause changes in a dependent variable.

Significant Individually

Refers to the condition when an individual variable or factor is statistically significant on its own within a model or experiment.

  • Establish the suitable significance level for hypothesis testing related to regression coefficients.
verifed

Verified Answer

ZK
Zybrea KnightMay 03, 2024
Final Answer :
α = .01