
TABLE 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X₁) the amount of insulation in inches (X₂) , the number of windows in the house (X₃) , and the age of the furnace in years (X₄) . Given below are the Excel outputs of two regression models.
Model 1
Model 2
-Referring to Table 14-6, what are the degrees of freedom of the partial F test for H₀: = β₃ = β₄ = 0 vs. H₁: At least one βⱼ ≠ 0, j = 3, 4?
A) 2 numerator degrees of freedom and 15 denominator degrees of freedom
B) 15 numerator degrees of freedom and 2 denominator degrees of freedom
C) 2 numerator degrees of freedom and 17 denominator degrees of freedom
D) 17 numerator degrees of freedom and 2 denominator degrees of freedom
Correct Answer:
Verified
Q68: In calculating the standard error of the
Q69: TABLE 14-6
One of the most common questions
Q70: TABLE 14-6
One of the most common questions
Q74: When an additional explanatory variable is introduced
Q75: TABLE 14-5
A microeconomist wants to determine how
Q76: TABLE 14-6
One of the most common questions
Q77: TABLE 14-6
One of the most common questions
Q78: The coefficient of multiple determination r²Y.₁₂ measures
Q89: When an additional explanatory variable is introduced
Q94: When an explanatory variable is dropped from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents