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

question 1

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, at the 0.01 level of significance, what conclusion should the builder draw 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.

Understand how meta-analyses consolidate findings across studies to evaluate the effects of variables.

Comprehend the various forms of validity (construct, external, internal) and their importance in social psychology research.

Recognize the significance and methods of establishing sample size through power analysis.

Analyze how interventions can impact academic achievements and psychological states.

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Definitions:

Noncumulative Preferred Shares

Type of preferred stock where dividends not paid in a particular year do not accumulate and must be forfeited.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Shareholders' Equity

Shareholders' equity represents the residual interest in the assets of a corporation after deducting its liabilities, indicating the ownership interest of the shareholders.

2-For-1 Stock Split

A corporate action where a company doubles its number of outstanding shares, halving the stock price, effectively giving shareholders two shares for every one they owned.