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

question 120

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, which of the following values for the level of significance is the smallest for which the regression model as a whole is significant?

• A) 0.0005
• B) 0.001
• C) 0.01
• D) 0.05

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Definitions:

Degrees Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Neutralize

To render something inactive by exerting a contrary force or influence, commonly utilized in the realms of chemistry and electricity.

Battery Posts

The positive and negative protruding terminals on a battery through which electrical power is provided to or received from a vehicle's or device's electrical system.

Baking Soda

A common household sodium bicarbonate powder used for baking, cleaning, and odor neutralizing.