TABLE 14-6 One of the Most Common Questions of Prospective House Buyers

question 289

Multiple Choice

TABLE 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X₁) the amount of insulation in inches (X₂) , the number of windows in the house (X₃) , and the age of the furnace in years (X₄) . Given below are the Excel outputs of two regression models.
Model 1

Model 2

-Referring to Table 14-6, what are the degrees of freedom of the partial F test for H₀: = β₃ = β₄ = 0 vs. H₁: At least one βⱼ ≠ 0, j = 3, 4?

• A) 2 numerator degrees of freedom and 15 denominator degrees of freedom
• B) 15 numerator degrees of freedom and 2 denominator degrees of freedom
• C) 2 numerator degrees of freedom and 17 denominator degrees of freedom
• D) 17 numerator degrees of freedom and 2 denominator degrees of freedom

---

Definitions:

Critically Evaluate

Critically evaluate involves analyzing and assessing the merit, significance, or value of something, considering both its strengths and weaknesses.

Reaching Agreement

The process of finding a mutually acceptable solution or understanding between two or more parties.

Victim Collapse

Refers to a situation where an individual suddenly becomes incapacitated due to an external or psychological shock, often in emergencies or traumatic incidents.

First Aid Training

A program that teaches individuals how to provide immediate care to a person who is injured or suddenly becomes ill until professional medical help arrives.