Solved

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

Question 224

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,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
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,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
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,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic? A) 0.609 B) 2.617 C) 4.804 D) 25.432
Also SSR (X1 | X2) = 8343.3572 and SSR (X2 | X1) = 4199.2672
-Referring to Scenario 14-5,suppose the microeconomist wants to test whether the coefficient on Capital is significantly different from 0.What is the value of the relevant t-statistic?


A) 0.609
B) 2.617
C) 4.804
D) 25.432

Correct Answer:

verifed

Verified

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

Related Questions

Q219: SCENARIO 14-15<br>The superintendent of a school district

Q220: A regression had the following results: SST

Q221: SCENARIO 14-18<br>A logistic regression model was estimated

Q222: SCENARIO 14-17<br>Given below are results from

Q223: SCENARIO 14-15<br>The superintendent of a school

Q225: SCENARIO 14-15<br>The superintendent of a school

Q226: SCENARIO 14-4<br>A real estate builder wishes to

Q227: SCENARIO 14-17<br>Given below are results from the

Q228: SCENARIO 14-17<br>Given below are results from the

Q229: SCENARIO 14-8<br>A financial analyst wanted to examine