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:

Lateralization

The process by which the two hemispheres of the brain become specialized to carry out different functions.

Hemispheres

Refers to half of a spherical object or planet, often used to describe the two halves of the Earth or the brain.

Cognitive-developmental Perspective

An approach to understanding human psychological development by examining how people perceive, think, and gain understanding of their world over time.

Moral Problems

Issues that involve judgments about what is right and wrong, good and bad, typically pertaining to actions and their consequences on individuals and society.