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

question 277

Short Answer

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,the value of the partial F test statistic is ________ for
H₀ : Variable X₁ does not significantly improve the model after variable X₂ has been included
H₁ : Variable X₁ significantly improves the model after variable X₂ has been included

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Definitions:

Implied Warranty

A warranty that the law derives by implication or inference from the nature of the transaction or the relative situation or circumstances of the parties.

Warranty of Merchantability

An implied guarantee that a product will meet the standard quality and performance expectations for goods of its kind.

Garage Sale

An informal, often temporary sale of used goods by private individuals, typically held at the seller's residence.

Express Warranty

A written or spoken promise from a seller about the quality or functionality of a product.