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

question 12

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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: 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, suppose the builder wants to test whether the coefficient on School is significantly different from 0. What is the value of the relevant t-statistic? A)  5.286 B)  5.195 C)  3.945 D)  -1.509
-Referring to Table 14-4, suppose the builder wants to test whether the coefficient on School is significantly different from 0. What is the value of the relevant t-statistic?

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Definitions:

A-B-C Theory

A cognitive-behavioral framework that explores the relationship between Antecedents, Behaviors, and Consequences in understanding human behavior.

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Irrational thought patterns that people may have about themselves and their environment that can lead to false beliefs and negative thinking.

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A cognitive distortion where an individual concludes a general rule or pattern from a single incident or a limited set of evidence, often leading to exaggerated conclusions.

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