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

question 171

Multiple Choice

TABLE 14-4
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 14-4, at the 0.01 level of significance, what conclusion should the builder reach regarding the inclusion of Income in the regression model?

• A) Income is significant in explaining house size and should be included in the model because its p-value is less than 0.01.
• B) Income is significant in explaining house size and should be included in the model because its p-value is more than 0.01.
• C) Income is not significant in explaining house size and should not be included in the model because its p-value is less than 0.01.
• D) Income is not significant in explaining house size and should not be included in the model because its p-value is more than 0.01.

---

Definitions:

Protein

Large, complex molecules made up of amino acids that perform a vast array of functions including structural, enzymatic, and regulatory roles in cells.

Hypotonic Solution

A solution that has a lower concentration of solutes relative to another solution, causing cells to swell as water moves inside them.

Hypertonic Solution

A solution that has a higher solute concentration compared to another solution, which can lead to the movement of water out of a cell.

Isotonic Solution

A solution that has the same osmotic pressure as another solution, typically body fluids, leading to no net movement of water across cell membranes.