Examlex

Solved

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

question 166

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: 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 (X<sub>1</sub> ∣ X<sub>2</sub>) = 36400.6326 and SSR (X<sub>2</sub> ∣ X<sub>1</sub>) = 3297.7917 -Referring to Table 14-4,suppose the builder wants to test whether the coefficient on Size is significantly different from 0.What is the value of the relevant t-statistic? A) -0.7630 B) 3.2708 C) 10.8668 D) 60.0864 Also SSR (X1 ∣ X2) = 36400.6326 and SSR (X2 ∣ X1) = 3297.7917
-Referring to Table 14-4,suppose the builder wants to test whether the coefficient on Size is significantly different from 0.What is the value of the relevant t-statistic?


Definitions:

Cognitive Dissonance

The mental discomfort experienced by a person who holds contradictory beliefs, ideas, or values at the same time.

Situational Attribution

The process of assigning the cause of behavior to environmental factors rather than to internal traits or motivations.

Role-Playing

A method or scenario in which individuals assume roles and act them out in a simulated context, often used in training, therapy, or educational settings.

Cognitive Dissonance Theory

A psychological theory proposing that we experience discomfort or dissonance when our beliefs, attitudes, or behaviors are inconsistent, leading us to change one to reduce the dissonance.

Related Questions