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The table below shows a partial computer output for a real estate data for 50 residences that we wish to determine how house size is
The table below shows a partial computer output for a real estate data for 50 residences that we wish to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years.
SUMMARY OUTPUT
| ||||||||
Coeff. | St. Error | |||||||
Intercept | -1.6335 | 5.8078 | ||||||
Family Income | 0.4485 | 0.1137 | ||||||
Family Size | 4.2615 | 0.8062 | ||||||
Education | -0.6517 | 0.4319 |
Test for the overall significance of the model and report the value of the relevant test statistic.
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