Exhibit 15-8

Multiple Choice

Exhibit 15-8.A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x₁) ,the number of bathrooms (x₂) ,and its square footage (x₃) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 15-8.When testing whether the explanatory variables Bath and Sqft are jointly significant,the p-value associated with the test is 0.0039.At the 5% significance level,she

A) Rejects H₀,and concludes that neither of the explanatory variables is significant in explaining Rent.
B) Does not reject H₀,and concludes that neither of the explanatory variables is significant in explaining Rent.
C) Rejects H₀,and concludes that at least one of the explanatory variables,Bath and/or Sqft,is significant in explaining Rent.
D) Does not reject H₀,and concludes that at least one of the explanatory variables,Bath and/or Sqft,is significant in explaining Rent.