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:

Tablets

Portable computing devices featuring a touchscreen interface, often used for accessing the internet, running applications, and multimedia consumption.

Laptops

Portable personal computers designed for mobile use, with the capabilities of desktop PCs but compact enough for easy transport.

Marginal Cost of Crime

The additional cost incurred by society or the economy as a result of one additional act of crime.

Property Crimes

Illegal activities that involve the theft or destruction of property belonging to others, such as burglary, larceny, and vandalism.