A Real Estate Analyst Believes That the Three Main Factors

question 16

Multiple Choice

A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x₁) ,the number of bathrooms (x₂) ,and its square footage (x₃) .She estimates the following model: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables jointly influence the response variable,the null hypothesis is ________.

• A) H₀: β₀ = β₁ = β₂ = β₃ = 0
• B) H₀:β₁ = β₂ = β₃ = 0
• C) H₀: β₀ + β₁ + β₂ + β₃ = 0
• D) H₀:β₁ + β₂ + β₃ + 0

---

Definitions:

Emotional Experience

A complex state involving physiological arousal, expressions, and cognitive interpretation, often triggered by events perceived as personally significant.

Racing Heart

A rapid heartbeat that can be felt by the individual, often a symptom of anxiety, fear, exercise, or medical conditions.

Schachter's Concept

Refers to the idea that emotion results from cognitive appraisal of both physiological arousal and situational cues.

Bodily Arousal

The physiological and psychological state of being awoken or stimulated, often associated with emotion, stress, or excitement.