Solved

SCENARIO 14-6 One of the Most Common Questions of Prospective House Buyers

Question 203

Multiple Choice

SCENARIO 14-6
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 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X1 ) and the amount of insulation in inches ( X 2 ) . Given below is EXCEL output of the regression model.
SCENARIO 14-6 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 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,what is the p-value for testing whether Capital has a positive influence on corporate sales? A) 0.025 B) 0.05 C) 0.2743 D) 0.5485
SCENARIO 14-6 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 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,what is the p-value for testing whether Capital has a positive influence on corporate sales? A) 0.025 B) 0.05 C) 0.2743 D) 0.5485
SCENARIO 14-6 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 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,what is the p-value for testing whether Capital has a positive influence on corporate sales? A) 0.025 B) 0.05 C) 0.2743 D) 0.5485
Also SSR (X1 | X2) = 8343.3572 and SSR (X2 | X1) = 4199.2672
-Referring to Scenario 14-5,what is the p-value for testing whether Capital has a positive influence on corporate sales?


A) 0.025
B) 0.05
C) 0.2743
D) 0.5485

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q198: SCENARIO 14-17<br>Given below are results from the

Q199: The coefficient of multiple determination is calculated

Q200: SCENARIO 14-8<br>A financial analyst wanted to examine

Q201: SCENARIO 14-17<br>Given below are results from the

Q202: If a categorical independent variable contains 2

Q204: SCENARIO 14-1<br>A manager of a product sales

Q205: SCENARIO 14-8<br>A financial analyst wanted to

Q206: SCENARIO 14-15<br>The superintendent of a school

Q207: SCENARIO 14-17<br>Given below are results from

Q208: SCENARIO 14-6<br>One of the most common questions