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

question 129

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, suppose the builder wants to test whether the coefficient on School is
Significantly different from 0.What is the value of the relevant t-statistic?

• A) 5.286
• B) 5.195
• C) 3.945
• D) - 1.509

---

Definitions:

Liability

The state of being legally responsible for something, such as a debt or obligation.

Revised Uniform Partnership Act

An updated set of laws that provide a legal framework for the formation, operation, and dissolution of partnerships in the United States.

RUPA

The Revised Uniform Partnership Act, which regulates the operation of partnerships within the United States.

Partnership Law

Legal regulations that govern the formation, operation, and dissolution of partnerships.