TABLE 13-4
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 Table 13-4, what is the value of the calculated F test statistic that is missing from the output for testing whether the whole regression model is significant?
A) 0.0001
B) 0.0299
C) 0.726
D) 45.5340

Question

TABLE 13-4
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 Table 13-4, what is the value of the calculated F test statistic that is missing from the output for testing whether the whole regression model is significant?
A) 0.0001 
B) 0.0299 
C) 0.726 
D) 45.5340

Quizplus · Accepted Answer

The value of the calculated F test statistic is missing from the table, but we can see that the p-value for the F test is less than 0.05, indicating that the whole regression model is significant at the 5% level. The only choice that corresponds to a p-value less than 0.05 is D, which is 45.5340.

TABLE 13-4 A Real Estate Builder Wishes to Determine How House Size