TABLE 17-2 One of the Most Common Questions of Prospective House Buyers

question 14

Multiple Choice

TABLE 17-2
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter,a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X₁) ,the amount of insulation in inches (X₂) ,the number of windows in the house (X₃) ,and the age of the furnace in years (X₄) .Given below are the EXCEL outputs of two regression models.
-Referring to Table 17-2,what is the 90% confidence interval for the expected change in heating costs as a result of a 1 degree Fahrenheit change in the daily minimum outside temperature using Model 1?

• A)[-6.58,-3.65]
• B)[-6.24,-2.78]
• C)[-5.94,-3.08]
• D)[-2.37,15.12]

---

Definitions:

Subculture

A cultural group within a larger culture, often with beliefs or interests at variance with those of the larger culture.

Authenticity Quadrant

A conceptual framework used to assess the genuineness of a brand's identity and communications.

Poseur

Denotes an individual who attempts to appear or act like something they are not, often to fit into a particular social group.

Progressive Reposition

The strategic movement or evolution of a brand's positioning over time to remain relevant and competitive.