Solved

Instruction 13.18 One of the Most Common Questions of Prospective House Buyers

Question 88

Multiple Choice

Instruction 13.18
One of the most common questions of prospective house buyers pertains to the average cost of heating in dollars (Y) .
To provide its customers with information on that matter, a large real estate firm used the following four variables to predict heating costs: the daily minimum outside temperature in degrees of Celsius (X1) , the amount of insulation in cm (X2) , the number of windows in the house (X3) and the age of the furnace in years (X4) . Given below are the Microsoft Excel outputs of two regression models.
Instruction 13.18 One of the most common questions of prospective house buyers pertains to the average cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following four variables to predict heating costs: the daily minimum outside temperature in degrees of Celsius (X<sub>1</sub>) , the amount of insulation in cm (X<sub>2</sub>) , the number of windows in the house (X<sub>3</sub>) and the age of the furnace in years (X<sub>4</sub>) . Given below are the Microsoft Excel outputs of two regression models. -Referring to Instruction 13.18,what is the value of the partial F test statistic for H<sub>0</sub>: β<sub>3</sub> = β<sub>4</sub> = 0 vs.H<sub>1</sub>: At least one β<sub>j</sub> ≠ 0,j = 3,4? A) 1.219 B) 1.382 C) 15.787 D) 0.820 Instruction 13.18 One of the most common questions of prospective house buyers pertains to the average cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following four variables to predict heating costs: the daily minimum outside temperature in degrees of Celsius (X<sub>1</sub>) , the amount of insulation in cm (X<sub>2</sub>) , the number of windows in the house (X<sub>3</sub>) and the age of the furnace in years (X<sub>4</sub>) . Given below are the Microsoft Excel outputs of two regression models. -Referring to Instruction 13.18,what is the value of the partial F test statistic for H<sub>0</sub>: β<sub>3</sub> = β<sub>4</sub> = 0 vs.H<sub>1</sub>: At least one β<sub>j</sub> ≠ 0,j = 3,4? A) 1.219 B) 1.382 C) 15.787 D) 0.820
-Referring to Instruction 13.18,what is the value of the partial F test statistic for H0: β3 = β4 = 0 vs.H1: At least one βj ≠ 0,j = 3,4?


A) 1.219
B) 1.382
C) 15.787
D) 0.820

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q83: Instruction 13.17
A microeconomist wants to determine how

Q84: Instruction 13.16
A real estate builder wishes

Q85: Instruction 13.17
A microeconomist wants to determine how

Q86: Instruction 13.17
A microeconomist wants to determine how

Q87: Instruction 13.20
You worked as an intern

Q89: Instruction 13.18
One of the most common questions

Q90: Instruction 13.19
You decide to predict petrol prices

Q91: Instruction 13.16
A real estate builder wishes

Q92: Instruction 13.17
A microeconomist wants to determine how

Q93: Instruction 13.16
A real estate builder wishes

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents