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

question 43

Multiple Choice

SCENARIO 14-4
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size) . House size is measured in hundreds of square feet and income is measured in thousands of dollars. The builder randomly selected 50 families and ran the multiple regression. Partial Microsoft Excel output is provided below:


Also SSR (X₁ | X₂) = 36400.6326 and SSR (X₁ | X₂) = 3297.7917
-Referring to Scenario 14-4,suppose the builder wants to test whether the coefficient on Income is significantly different from 0.What is the value of the relevant t-statistic?

• A)-0.7630
• B)3.2708
• C)10.8668
• D)60.0864

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Definitions:

Brainstem

The brainstem is the structure located at the base of the brain that connects the cerebrum with the spinal cord, and is responsible for controlling vital life functions such as breathing, heart rate, and blood pressure.

Optic Nerve

The cranial nerve that transmits visual information from the retina to the brain.

Facial Nerve

The seventh cranial nerve that controls the muscles of facial expression, taste sensation on two-thirds of the tongue, and the production of saliva and tears.

Trigeminal Nerve

A cranial nerve responsible for sensory information from the face and motor functions such as biting and chewing.