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

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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: 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, what is the value of the calculated F test statistic that is missing from the output for testing whether the whole regression model is significant? A)  0.0001 B)  0.0299 C)  0.726 D)  45.5340
-Referring to Table 14-4, what is the value of the calculated F test statistic that is missing from the output for testing whether the whole regression model is significant?


Definitions:

Price

The amount of money required to purchase a good or service.

Quantity

A specified amount or number of items.

Writing

The physical manifestation of language in the form of symbols or marks on surfaces like paper, used to communicate thoughts and ideas.

Benefit

An advantage or profit gained from something, often used in legal terms to describe gains in contracts or employment.

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