Multiple Choice
SCENARIO 14-4
14-10 Introduction to Multiple Regression
-Referring to Scenario 14-4, when the builder used a simple linear regression model with house
Size (House) as the dependent variable and family size (Size) as the independent variable, he
Obtained an r2 value of 1.25%.What additional percentage of the total variation in house size has
Been explained by including income in the multiple regression?
A) 15.00%
B) 70.64%
C) 71.50%
D) 73.62%
Correct Answer:

Verified
Correct Answer:
Verified
Q98: SCENARIO 14-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-4
Q99: SCENARIO 14-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-3
Q100: True or False: When an additional explanatory
Q102: SCENARIO 14-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-15
Q104: SCENARIO 14-6<br>One of the most common questions
Q104: SCENARIO 14-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-3
Q105: SCENARIO 14-13<br>An econometrician is interested in evaluating
Q106: SCENARIO 14-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-16
Q107: SCENARIO 14-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2675/.jpg" alt="SCENARIO 14-2
Q119: SCENARIO 14-4<br>A real estate builder wishes to