Real Estate Builder
a Real Estate Builder Wishes to Determine

question 76

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
$$\begin{array}{l}\text { Regression Statistics }\\\begin{array} { l l } \text { Multiple R } & 0.865 \\\text { R Square } & 0.748 \\\text { Adjusted R Square } & 0.726 \\\text { Standard Error } & 5.195 \\\text { Observations } & 50\end{array}\end{array}$$ ANOVA
$$\begin{array} { | l | c c c c | } \hline & \text { Coeff } & \text { St. Error } & \boldsymbol { t }\boldsymbol {Sat } & \boldsymbol { P } \text {-value } \\\hline \text { Intercept } & - 1.6335 & 5.807 \mathrm { 8 } & - 0.281 & 0 .7798 \\\text { Family Incame } & 0.4485 & 0.1137 & 3.9545 & 0 .0003 \\\text { Family Size } & 4.2615 & 0.8062 & 5.286 & 0 .0001 \\\text { Education } & - 0.6517 & 0.4319 & - 1.509 & 0 .1383 \\\hline\end{array}$$
-{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: $\alpha$ = .00005,.001,.01,and .05?

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Guilt Feelings

Emotional distress caused by the belief that one has done something wrong or failed to do something right.

Transvestite

An individual who dresses in the clothing typically associated with the opposite sex, often for personal or psychological reasons.

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A situation where an individual experiences uncertainty or discontent with their gender identity or how it aligns with their biological sex.

Homosexual

A term used to describe a person who is attracted to members of the same sex.