TABLE 13-4 A Real Estate Builder Wishes to Determine How House Size

question 52

Multiple Choice

TABLE 13-4
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 13-4, which of the independent variables in the model are significant at the 5% level?

• A) Income, Size, School
• B) Income, Size
• C) Size, School
• D) Income, School

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Definitions:

American Workers

Refers to individuals in the United States engaged in various forms of employment, contributing to the country's labor force and economy.

German Laborers

Refers to workers or employees in Germany, particularly those involved in various sectors such as manufacturing, services, and construction.

Age of Mass Consumption

A stage of economic development characterized by high levels of production and consumption of mass-produced goods, reflecting a society's advancement and wealth.

Cost of Healthcare

The total expenditures required to maintain and improve health, covering everything from medical services to drugs and hospital care.