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

question 12

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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: 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
-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?


Definitions:

Excessive

Describes an amount or degree of something that is more than necessary, reasonable, or permissible.

Lack

The absence or deficiency of something desirable or necessary.

Apart

Separated by a distance or gap, or considered as separate or distinct entities.

Toward

A direction or orientation leading closer to a specific location or object.

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