SCENARIO 18-1 A Real Estate Builder Wishes to Determine How House Size

question 70

Multiple Choice

SCENARIO 18-1
A real estate builder wishes to determine how house size (House) is influenced by family income
(Income) , family size (Size) , and education of the head of household (School) .House size is
measured in hundreds of square feet, income is measured in thousands of dollars, and education is in
years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel
output is provided below:
-Referring to Scenario 18-1, which of the following values for the level of significance is the
Smallest for which every explanatory variable is significant individually?

• A) 0.01
• B) 0.025
• C) 0.05
• D) 0.15

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Definitions:

Retrieval Cue

Stimuli or signals that can trigger the memory of a previous experience, making it easier to recall information.

Encoding Specificity Principle

The theory that memory is improved when information available at encoding is also present at retrieval.

Sensory Store

A very short-term form of memory that allows individuals to retain impressions of sensory information after the original stimuli have ended.

Retrieval Cue

A trigger or stimulus that aids the recall of information from memory.