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Ontario BBA programBUSI 1013-Statistics for BusinessFinal Exam- Summer 2020Student InformationName:Student ID:Section:Important Information:1.Upload the Final Exam in the folder that you will find in Unit 11 in theMoodle as a single pdf file. All the solution should be in order.2.This Final Exam is worth 40% of your Final grades.3.Allowed Materials: Scientific calculator, pen, pencil, eraser.4.This Final exam contains 11 pages and 10 questions. Total mark is 72.5.Time allowed: 3 hours1BUSI 1013Final ExamOntario BBA program
Question 1 (8 Points)A real estate research firm has developed a regression model relating list price (Y in $1,000) withtwo independent variables. The two independent variables are number of bedrooms and size ofthe property. Part of the regression results are shown below.ANOVAdfSSMSRegression2256881.37128440.68Residual46739058.5416066.49CoefficientsStandard Errort StatIntercept54.29871.326# Bedrooms53.6345.271Acres21.45837.6301.What has been the sample size? (2 Points)2.What is the value of the F test statistic for testing whether the regression model issignificant?(2 Points3.What is the rejection rule for testing whether the regression model is significant at the0.05 level of significance? (2 Points)4.What is the value of the t test statistic for testing whether the variable Acres is significant?)(2 Points)2BUSI 1013Final ExamOntario BBA program