SCENARIO 14-4
a Real Estate Builder Wishes to Determine How $H _ { 0 }$

Short Answer

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:
-Referring to Scenario 14-4, the partial F test for $H _ { 0 }$ : Variable $X _ { 2 }$ does not significantly improve the model after variable $X _ { 1 }$ has been included $H _ { 1 }$ : Variable $X _ { 2 }$ significantly improves the model after variable $X _ { I }$ has been included has and degrees of freedom. .