SCENARIO 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 1 | X 2 ) = 3297.7917
-Referring to Scenario 14-3,the p-value for the aggregated price index is
A)0.05
B)0.01
C)0.001
D)None of the above.

Question

SCENARIO 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 1 | X 2 ) = 3297.7917
-Referring to Scenario 14-3,the p-value for the aggregated price index is
A)0.05 
B)0.01 
C)0.001 
D)None of the above.

Quizplus · Accepted Answer

The question refers to Scenario 14-4, but the given information does not include any relevant data regarding an aggregated price index. Therefore, none of the answer choices are correct.

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