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SCENARIO 18-2 One of the Most Common Questions of Prospective House Buyers

Question 287

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SCENARIO 18-2
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X1 ) , the amount of insulation in inches ( X 2 ) , the number of windows in the house ( X3 ) , and the age of the furnace in years ( X 4 ) . Given below are the EXCEL outputs of two regression models.
SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) , the amount of insulation in inches ( X <sub>2</sub> ) , the number of windows in the house ( X<sub>3</sub> ) , and the age of the furnace in years ( X <sub>4</sub> ) . Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-1,the observed value of the F-statistic is missing from the printout.What are the degrees of freedom for this F-statistic? A) 46 for the numerator,3 for the denominator B) 3 for the numerator,49 for the denominator C) 46 for the numerator,49 for the denominator D) 3 for the numerator,46 for the denominator
SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) , the amount of insulation in inches ( X <sub>2</sub> ) , the number of windows in the house ( X<sub>3</sub> ) , and the age of the furnace in years ( X <sub>4</sub> ) . Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-1,the observed value of the F-statistic is missing from the printout.What are the degrees of freedom for this F-statistic? A) 46 for the numerator,3 for the denominator B) 3 for the numerator,49 for the denominator C) 46 for the numerator,49 for the denominator D) 3 for the numerator,46 for the denominator
-Referring to Scenario 18-1,the observed value of the F-statistic is missing from the printout.What are the degrees of freedom for this F-statistic?


A) 46 for the numerator,3 for the denominator
B) 3 for the numerator,49 for the denominator
C) 46 for the numerator,49 for the denominator
D) 3 for the numerator,46 for the denominator

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