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

question 111

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:
SUMMARY OUTPUT
Regression Statistics
ANOVA

-Referring to Table 14-4, which of the independent variables in the model are significant at the 2% level?

• A) Income, Size, School
• B) Income, Size
• C) Size, School
• D) Income, School

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Definitions:

Return on Investment

A financial metric that calculates the profitability ratio from an investment, comparing the magnitude and timing of gains received to the cost of investment.

Sales Revenues

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