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

question 59

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 Income 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:

Demand Shock

A sudden event that increases or decreases demand for goods or services, affecting prices and the economy.

Government Spending

Expenditures made by the government for its operational needs and to provide public services.

Money Supply

The total amount of monetary assets available in an economy at any specified time.

Government Budget Deficit

The financial situation that occurs when a government's expenditures exceed its revenues.