Exhibit 15-8

question 97

Multiple Choice

Exhibit 15-8.A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x₁) ,the number of bathrooms (x₂) ,and its square footage (x₃) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 15-8.When testing whether the explanatory variables Bath and Sqft are jointly significant,the p-value associated with the test is 0.0039.At the 5% significance level,she

• A)Rejects H₀,and concludes that neither of the explanatory variables is significant in explaining Rent.
• B)Does not reject H₀,and concludes that neither of the explanatory variables is significant in explaining Rent.
• C)Rejects H₀,and concludes that at least one of the explanatory variables,Bath and/or Sqft,is significant in explaining Rent.
• D)Does not reject H₀,and concludes that at least one of the explanatory variables,Bath and/or Sqft,is significant in explaining Rent.

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Definitions:

Fine Motor Skills

Refers to the coordination of small muscles, in movements—typically involving the synchronization of hands and fingers—with the eyes.

Social Bonding Skills

The abilities and capacities to form and maintain interpersonal relationships and connections within a social context.

Positive Emotion

The experience of feelings that are inherently pleasant, such as joy, gratitude, love, and happiness.

Positivity

The practice of maintaining a generally optimistic outlook and focusing on the positive aspects of any situation.