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TABLE 17-2 One of the Most Common Questions of Prospective House Buyers

Question 76

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TABLE 17-2
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. TABLE 17-2 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 (X<sub>1</sub>) ,the amount of insulation in inches (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 EXCEL outputs of two regression models. -Referring to Table 17-2,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) 0.820 B) 1.219 C) 1.382 D) 15.787 TABLE 17-2 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 (X<sub>1</sub>) ,the amount of insulation in inches (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 EXCEL outputs of two regression models. -Referring to Table 17-2,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) 0.820 B) 1.219 C) 1.382 D) 15.787
-Referring to Table 17-2,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) 0.820
B) 1.219
C) 1.382
D) 15.787

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