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

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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, at the 0.01 level of significance, what conclusion should the builder draw regarding the inclusion of School in the regression model? A)  School is significant in explaining house size and should be included in the model because its p-value is less than 0.01. B)  School is significant in explaining house size and should be included in the model because its p-value is more than 0.01. C)  School 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)  School is not significant in explaining house size and should not be included in the model because its p-value is more than 0.01.
-Referring to Table 14-4, at the 0.01 level of significance, what conclusion should the builder draw regarding the inclusion of School in the regression model?

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Definitions:

Reward

A stimulus or event that increases the likelihood of a behavior being repeated, often pleasant or beneficial in nature.

Incentive Motivation

A theory suggesting that behavior is motivated by a desire for external rewards or incentives.

External Arousal

The state of being mentally and physically stimulated or activated by external environmental factors or stimuli.

Reward

A beneficial outcome or positive stimulus that increases the likelihood of a behavior being repeated through the process of reinforcement.

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