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SCENARIO 14-6 One of the Most Common Questions of Prospective House Buyers

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SCENARIO 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X1 ) and the amount of insulation in inches ( X 2 ) . Given below is EXCEL output of the regression model.
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> )  and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model.       Also SSR (X<sub>1</sub> | X<sub>2</sub>)  = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>)  = 4199.2672 -Referring to Scenario 14-5,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> )  and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model.       Also SSR (X<sub>1</sub> | X<sub>2</sub>)  = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>)  = 4199.2672 -Referring to Scenario 14-5,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> )  and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model.       Also SSR (X<sub>1</sub> | X<sub>2</sub>)  = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>)  = 4199.2672 -Referring to Scenario 14-5,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
Also SSR (X1 | X2) = 8343.3572 and SSR (X2 | X1) = 4199.2672
-Referring to Scenario 14-5,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic?


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