A Realtor Is Trying to Predict the Selling Price of Houses

question 52

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) .Part of the regression output is provided below,based on a sample of 20 homes.Some of the information has been omitted. Which statement is supported by the regression output?

• A) At α = .05,FP is not a significant predictor in a two-tailed test.
• B) A fireplace adds around $6476 to the selling price of the average house.
• C) A large house with no fireplace will sell for more than a small house with a fireplace.
• D) FP is a more significant predictor than Size.

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