Examlex

Solved

A Real Estate Analyst Believes That the Three Main Factors

question 21

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. 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 (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model: Rent = β<sub>0</sub> + β<sub>1</sub> Bedroom + β<sub>2</sub> Bath + β<sub>3</sub>Sqft + ε.The following table shows a portion of the regression results. Which of the following is the value of the test statistic for testing the joint significance of the linear regression model? A) 1.59 B) 2.22 C) 3.75 D) 50.88 Which of the following is the value of the test statistic for testing the joint significance of the linear regression model?

Definitions:

Related Questions

Q4: A sociologist wishes to study the relationship

Q14: A fund manager suspects there is an

Q29: Amie Jackson,a manager at Sigma travel services,makes

Q35: The following table shows the distribution of

Q53: Which of the following is the correct

Q60: In the following table,likely voters' preferences of

Q63: For which of the following models,the formula

Q70: The heights (in cm)for a random sample

Q93: If T denotes the number of observations,which

Q101: Consider the following simple linear regression model: