SCENARIO 18-1
A real estate builder wishes to determine how house size (House)is influenced by family income
(Income), family size (Size), and education of the head of household (School).House size is
measured in hundreds of square feet, income is measured in thousands of dollars, and education is in
years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel
output is provided below:
-Referring to Scenario 18-1, which of the following values for the level of significance is the
Smallest for which at least two explanatory variables are significant individually?
A) 0.01
B) 0.025
C) 0.05
D) 0.15

Question

SCENARIO 18-1
A real estate builder wishes to determine how house size (House)is influenced by family income
(Income), family size (Size), and education of the head of household (School).House size is
measured in hundreds of square feet, income is measured in thousands of dollars, and education is in
years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel
output is provided below: 
-Referring to Scenario 18-1, which of the following values for the level of significance is the
Smallest for which at least two explanatory variables are significant individually?
A) 0.01 
B) 0.025 
C) 0.05 
D) 0.15

Quizplus · Accepted Answer

The Answer of SCENARIO 18-1
A real estate builder wishes to determine how house size (House)is influenced by family income
(Income), family size (Size), and education of the head of household (School).House size is
measured in hundreds of square feet, income is measured in thousands of dollars, and education is in
years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel
output is provided below: 
-Referring to Scenario 18-1, which of the following values for the level of significance is the
Smallest for which at least two explanatory variables are significant individually?
A) 0.01 
B) 0.025 
C) 0.05 
D) 0.15

SCENARIO 18-1 A Real Estate Builder Wishes to Determine How House Size