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, suppose the builder wants to test whether the coefficient on Income
Is significantly different from 0.What is the value of the relevant t-statistic?
A) 5.286
B) 5.195
C) 3.945
D) - 1.509

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, suppose the builder wants to test whether the coefficient on Income
Is significantly different from 0.What is the value of the relevant t-statistic?
A) 5.286 
B) 5.195 
C) 3.945 
D) - 1.509

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, suppose the builder wants to test whether the coefficient on Income
Is significantly different from 0.What is the value of the relevant t-statistic?
A) 5.286 
B) 5.195 
C) 3.945 
D) - 1.509

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