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

question 58

Multiple Choice

SCENARIO 14-4
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size) . House size is measured in hundreds of square feet and income is measured in thousands of dollars. The builder randomly selected 50 families and ran the multiple regression. Partial Microsoft Excel output is provided below:


Also SSR (X₁ | X₂) = 36400.6326 and SSR (X₁ | X₂) = 3297.7917
-Referring to Scenario 14-4,which of the independent variables in the model are significant at the 5% level?

• A)Income only
• B)Size only
• C)Income and Size
• D)None

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Definitions:

Angiosperm

Flowering plants that produce seeds enclosed within a fruit, the largest and most diverse group in the plant kingdom.

Anther

Of a flower, part of the stamen that produces pollen grains.

Filament

A slender, thread-like structure, often part of a larger structure in both biological organisms and man-made materials.

Apical Meristems

Regions located at the tips of roots and shoots in plants, responsible for primary growth and elongation.