TABLE 14-4
A real estate builder wishes to determine how house size (House)is influenced by family income (Income)and family size (Size).House size is measured in hundreds of square feet and income is measured in thousands of dollars.The builder randomly selected 50 families and ran the multiple regression.Partial Microsoft Excel output is provided below: Also SSR (X 1 ∣ X 2 )= 36400.6326 and SSR (X 2 ∣ X 1 )= 3297.7917
-Referring to Table 14-4,which of the following values for the level of significance is the smallest for which each explanatory variable is significant individually?
A)0.001
B)0.010
C)0.025
D)0.050

Question

TABLE 14-4
A real estate builder wishes to determine how house size (House)is influenced by family income (Income)and family size (Size).House size is measured in hundreds of square feet and income is measured in thousands of dollars.The builder randomly selected 50 families and ran the multiple regression.Partial Microsoft Excel output is provided below:  Also SSR (X 1 ∣ X 2 )= 36400.6326 and SSR (X 2 ∣ X 1 )= 3297.7917
-Referring to Table 14-4,which of the following values for the level of significance is the smallest for which each explanatory variable is significant individually?
A)0.001 
B)0.010 
C)0.025 
D)0.050

Quizplus · Accepted Answer

The smallest level of significance for which each explanatory variable is significant individually is 0.001.

TABLE 14-4 A Real Estate Builder Wishes to Determine How House Size