A multiple regression analysis is being performed. No explanatory variables are

Question

A multiple regression analysis is being performed. No explanatory variables are highly correlated and there are no outliers. All the conditions of the multiple regression model are met. There is no evidence to reject the null hypothesis from the F-test. What should be done next? Choose the correct answer below. Perform a t-test (with Bonferroni correction to determine if at least one explanatory variable is a significant predictor of the response variable). Stop the analysis as none of the explanatory variables are significant predictors of the response variable. Do the F-test again on each explanatory variable to determine if each explanatory variable is a significant predictor of the response variable. Stop the analysis as all explanatory variables are significant predictors of the response variable. Perform a t-test (with Bonferroni correction on each explanatory variable to determine if each variable is a significant predictor of the response variable after accountin

Explanation / Answer

Option B

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