A Realtor Is Trying to Predict the Selling Price of Houses

question 71

Multiple Choice

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of Size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace,1 if there is a fireplace) .The regression output is provided below.Some of the information has been omitted. Which of the following conclusions can be made based on the F-test?

• A)The p-value on the F-test will be very high.
• B)At least one of the predictors is useful in explaining Y.
• C)The model is of no use in predicting the selling prices of houses.
• D)The estimates were based on a sample of 19 houses.

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Definitions:

Increases

The act or process of becoming larger or greater in size, number, value, or amount.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually paying fixed dividends.

Common Stock

Equity security representing ownership interest in a corporation, with holders entitled to vote at company meetings and receive dividends.

Distribution

The process of delivering products or services from the production or service delivery point to the end consumer.