A Realtor Is Trying to Predict the Selling Price of Houses

question 67

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 selling prices of houses.
• D) The estimates were based on a sample of 19 houses.

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Definitions:

Groups

Collections of individuals bound together by shared social identities, interests, or goals, playing a pivotal role in shaping behavior and social dynamics.

Autokinesis

Optical illusion in which a pinpoint of light shining in complete darkness appears to move about.

Norm Formation

The process by which new norms or standards of behavior are established and adopted within a social group.

Sherif's Study

A series of experiments by Muzafer Sherif that investigated how social norms and group dynamics influence behavior, notably through the Robbers Cave Experiment.