Real Estate Builder a Real Estate Builder Wishes to Determine

question 146

Essay

Real Estate Builder A real estate builder wishes to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. A partial computer output is shown below. SUMMARY OUTPUT
ANOVA
  {Real Estate Builder Narrative} Which of the following values for the level of significance is the smallest for which the regression model as a whole is significant: a = .00005, .001, .01, and .05?

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Definitions:

Determinant

A scalar value that can be computed from the elements of a square matrix and reflects the volume scaling factor of the linear transformation described by the matrix.

Equation

A mathematical statement that asserts the equality of two expressions, usually connected by an equals sign.

Line

A line is described as a shape with no thickness that goes on infinitely in two opposite directions and is one-dimensional.

Linear Inequalities

Mathematical expressions involving linear expressions in one or more variables where the expressions are not equal but related by less than (<), greater than (>), less than or equal to (≤), or greater than or equal to (≥).