Instruction 13-4
a Real Estate Builder Wishes to Determine How

question 96

Multiple Choice

Instruction 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 metres,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:
OUTPUT
SUMMARY
Regression Statistics
$\begin{array}{ll}\text { Multiple R } & 0.865 \\ \text { R Square } & 0.748 \\ \text { Adj. R Square } & 0.726 \\ \text { Std. Error } & 5.195 \\ \text { Observations } & 50\end{array}$
ANOVA
$\begin{array}{llllll} & d f & \text { SS } & \text { MS } & \text { F } & \text { Siguif } \boldsymbol{F} \\\text { Regression } & & 3605.7736 & 901.4434 & & 0.0001 \\\text { Residual } & & 1214.2264 & 26.9828 & & \\\text { Total } & 49 & 4820.0000 & & &\end{array}$

$\begin{array}{lllll} & \text { Coeff } & \text { SttError } & \boldsymbol{t} \text { Stat } & \boldsymbol{P} \text {-value } \\\text { Intercept } & -1.6335 & 5.8078 & -0.281 & 0.7798 \\\text { Income } & 0.4485 & 0.1137 & 3.9545 & 0.0003 \\\text { Size } & 4.2615 & 0.8062 & 5.286 & 0.0001 \\\text { School } & -0.6517 & 0.4319 & -1.509 & 0.1383\end{array}$ Note: Adj.R Square = Adjusted R Square;Std.Error = Standard Error
-Referring to Instruction 13-4,what is the value of the calculated F test statistic that is missing from the output for testing whether the whole regression model is significant?

• A)0.0001
• B)0.726
• C)33.408
• D)0.0299

---

Definitions:

Right of First Refusal

A legal entitlement that permits its possessor the choice to engage in a commercial deal with the proprietor of an item, prior to the proprietor having the right to engage in that deal with another party.

Contractual Duties

Obligations that parties are bound to perform as specified in a contract.

Italian Legal System

is the legal framework operating in Italy, which is based on Roman law and comprises statutes, regulations, and case law, with the Constitutional Court playing a key role in its constitutional legality.

Unique Powers

Special abilities or authorities that are distinct and not commonly held or exercised by others.