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

question 172

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 following values for the level of significance is the smallest for which the regression model as a whole is significant?

• A)0.0005
• B)0.001
• C)0.01
• D)0.05

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Definitions:

Juxtaglomerular Cells

Specialized cells in the kidneys that help regulate blood pressure by secreting renin in response to blood pressure changes.

Macula Densa

Cells of the distal convoluted tubule located at the renal corpuscle and forming part of the juxtaglomerular apparatus.

Collecting Duct

A network of tubules and ducts that function in the kidney to transport urine from the nephrons to the renal pelvis for excretion.

Distal Convoluted Tubule

Convoluted tubule of the nephron that extends from the ascending limb of the loop of Henle and ends in a collecting duct.