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

question 129

Multiple Choice

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.



Also SSR (X₁ | X₂) = 8343.3572 and SSR (X₂ | X₁) = 4199.2672
-Referring to Scenario 14-5,the observed value of the F-statistic is given on the printout as 25.432.What are the degrees of freedom for this F-statistic?

• A)25 for the numerator,2 for the denominator
• B)2 for the numerator,23 for the denominator
• C)23 for the numerator,25 for the denominator
• D)2 for the numerator,25 for the denominator

---

Definitions:

United States Government Budget

The budget prepared by the federal government, outlining its projected revenues and expenditures for the forthcoming fiscal year.

Fiscal Year

A one-year period used by governments and businesses for accounting and budget purposes, which may not align with the calendar year.

Welfare Spending

Government expenditure on social protection programs intended to support the well-being of citizens, such as health care, unemployment benefits, and social security.

Federal Outlays

Expenditures by the U.S. federal government, including spending on defense, education, social security, and health care.