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

question 224

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, which of the following values for the level of significance is the smallest for which every explanatory variable is significant individually?

• A) 0.01
• B) 0.025
• C) 0.05
• D) 0.15

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Definitions:

Allele Frequencies

The relative frequencies of all the different alleles of a gene in a given population.

Genetic Drift

The process in which allele frequencies within a population change randomly with no influence from selective pressures, often affecting smaller populations more significantly.

Genetic Variation

The diversity in gene frequencies within a population, which is the raw material for evolution.

Hardy-Weinberg Equilibrium

The Hardy-Weinberg Equilibrium is a principle that states the genetic variation in a population will remain constant from one generation to the next in the absence of disturbing factors.