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:

Import Restrictions

Government-imposed limits or tariffs on the number or value of goods that can be imported into a country, typically to protect domestic industries.

Purchasing Power

The worth of a currency depicted by the quantity of goods or services that can be purchased with one unit of the currency.

Textile Manufacturers

Companies and businesses involved in the production of fibers, yarns, and fabrics, or the conversion of these materials into various textile products.

Restrictive Quotas

Limits set by governments on the quantity of goods that can be imported or exported to control market access.