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

question 99

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 following values for the level of significance is the smallest for which at least two explanatory variables are significant individually?

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

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Definitions:

Middle-Aged Workers

Individuals in the workforce typically ranging from about 40 to 65 years of age, often facing unique career and life stage challenges.

Younger Workers

Individuals in the workforce who are typically in the early stages of their career, often younger in age and with less experience.

Advancement

Progress or development in a particular aspect, such as career, knowledge, or technological improvement.

Lasting Difference

A change or impact that persists over time, often signifying a notable deviation from a previous state or condition.