Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A real estate builder wishes to determine how house size is influenced by family income and family size. House size is measured in hundreds of

A real estate builder wishes to determine how house size is influenced by family income and family 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 analysis. The multiple regression model has F-test statistic 60.09 and a p-value 0. At 5% significance, which of the following statement is correct?

Group of answer choices

A)At least one of the two independent variables have significant impact on the dependent variable

B)The intercept coefficient is significantly differed from zero

C)None of the independent variables has significant impact on the dependent variable

D)Both independent variables have significant impact on the dependent variable

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

A At least one of the two independent variables have signifi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Statistics

Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or

5th Edition

978-1259688867, 1259688860, 78020530, 978-0078020537

More Books

Students also viewed these Accounting questions

Question

Explain the CAP theorem in distributed systems.

Answered: 1 week ago