TABLE 17-1 A Real Estate Builder Wishes to Determine How House Size

question 244

Multiple Choice

TABLE 17-1
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) ,family size (Size) ,and education of the head of household (School) .House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is in years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel output is provided below:
-Referring to Table 17-1,suppose the builder wants to test whether the coefficient on School is significantly different from 0.What is the value of the relevant t-statistic?

• A)5.286
• B)5.195
• C)3.945
• D)-1.509

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Definitions:

Obese Person

An individual having a body mass index (BMI) of 30 or above, indicating excessive body fat.

Regression Analysis

A statistical method used for estimating the relationships among variables, particularly the relationship between a dependent variable and one or more independent variables.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable.

Stepwise Regression

A method of fitting regression models in which the choice of predictive variables is carried out by an automatic procedure.