Real Estate Builder
a Real Estate Builder Wishes to Determine

question 76

Essay

Real Estate Builder
A real estate builder wishes to determine how house size is influenced by family income,family size,and education of the head of household.House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is measured in years.A partial computer output is shown below.
SUMMARY OUTPUT
$$\begin{array}{l}\text { Regression Statistics }\\\begin{array} { l l } \text { Multiple R } & 0.865 \\\text { R Square } & 0.748 \\\text { Adjusted R Square } & 0.726 \\\text { Standard Error } & 5.195 \\\text { Observations } & 50\end{array}\end{array}$$ ANOVA
$$\begin{array} { | l | c c c c | } \hline & \text { Coeff } & \text { St. Error } & \boldsymbol { t }\boldsymbol {Sat } & \boldsymbol { P } \text {-value } \\\hline \text { Intercept } & - 1.6335 & 5.807 \mathrm { 8 } & - 0.281 & 0 .7798 \\\text { Family Incame } & 0.4485 & 0.1137 & 3.9545 & 0 .0003 \\\text { Family Size } & 4.2615 & 0.8062 & 5.286 & 0 .0001 \\\text { Education } & - 0.6517 & 0.4319 & - 1.509 & 0 .1383 \\\hline\end{array}$$
-{Real Estate Builder Narrative} Which of the following values for the level of significance is the smallest for which the regression model as a whole is significant: $\alpha$ = .00005,.001,.01,and .05?

---

Definitions:

Inhibitory Activity

The process in the nervous system that reduces or suppresses the strength of signals transmitted between neurons, affecting neural and behavioral responses.

Blood Oxygen Level Dependent (BOLD)

A neuroimaging technique that measures brain activity by observing changes in blood flow.

Neocortex

The outer layer of the cortex of the brain, regarded as uniquely human.

Hippocampus

A region of the brain involved in the formation of new memories and is associated with learning and emotions.