SCENARIO 14-4

question 45

Multiple Choice

SCENARIO 14-4
14-10 Introduction to Multiple Regression
-Referring to Scenario 14-4, at the 0.01 level of significance, what conclusion should the builder
Reach regarding the inclusion of Income in the regression model?

• A) Income is significant in explaining house size and should be included in the model because its p-value is less than 0.01.
• B) Income is significant in explaining house size and should be included in the model because its p-value is more than 0.01.
• C) Income is not significant in explaining house size and should not be included in the model because its p-value is less than 0.01.
• D) Income is not significant in explaining house size and should not be included in the model because its p-value is more than 0.01.

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