TABLE 14-4 A Real Estate Builder Wishes to Determine How House Size

question 189

Multiple Choice

TABLE 14-4
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size) .House size is measured in hundreds of square feet and income is measured in thousands of dollars.The builder randomly selected 50 families and ran the multiple regression.Partial Microsoft Excel output is provided below: Also SSR (X₁ ∣ X₂) = 36400.6326 and SSR (X₂ ∣ X₁) = 3297.7917
-Referring to Table 14-4,which of the following values for the level of significance is the smallest for which at most one explanatory variable is significant individually?

• A)0.001
• B)0.010
• C)0.025
• D)0.050

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Definitions:

Time Ticket

A document that indicates the employee, the hours worked, the account and job to be charged, and the total labor cost.

Personal Exemptions

Deductions allowed on individual income tax returns, reducing the amount of income subject to taxation, based on the taxpayer and dependents.

Job Number

An unique identifier assigned to a specific job or project for tracking costs, progress, and billing.

Materials Requisition Slip

A document authorizing the issuance of raw materials from the storeroom to production.