TABLE 14-4 A Real Estate Builder Wishes to Determine How House Size

question 12

Multiple Choice

TABLE 14-4
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 Table 14-4, 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

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Definitions:

Language

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Perceptiveness

The ability to notice or understand things that are not immediately obvious; keenness of insight or intuition.

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which suggests that individuals have various distinct types of intelligences.

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