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

question 67

Short Answer

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,the partial F test for
H₀ : Variable X₂ does not significantly improve the model after variable X₁ has been included
H₁ : Variable X₂ significantly improves the model after variable X₁ has been included has _____ and _____degrees of freedom.

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Definitions:

Projective Tests

Projective tests are psychological assessments that use ambiguous stimuli to elicit responses revealing aspects of an individual’s personality, desires, and conflicts.

MMPI

The Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology used to diagnose mental disorders.

Projective Measure

A psychological assessment tool in which individuals reveal their unconscious feelings, thoughts, and behaviors through their interpretations or storytelling of ambiguous stimuli.

Reliability

The degree to which an assessment or measurement is consistent and reproducible over time.