A real estate builder wishes to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. A partial computer output is shown below. True or False: Testing the overall validity of the model reveals that the model is valid.
A real estate builder wishes to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. A partial computer output is shown below. True or False: Testing the overall validity of the model reveals that the model is valid.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A real estate builder wishes to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. A partial computer output is shown below.
True or False: Testing the overall validity of the model reveals that the model is valid.
Transcribed Image Text:SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA
Regression
Residual
Total
Intercept
Family Income
Family Size
Education
0.865
0.748
0.726
5.195
50
df
49
Coeff.
-1.6335
0.4485
4.2615
-0.6517
SS
3605.7736
1214.2264
4820.0000
St. Error
5.8078
0.1137
0.8062
0.4319
MS
901.4434
26.9828
t Stat
-0.281
3.9545
5.286
-1.509
F
33.408
Signif F
0.0001
P-value
0.7798
0.0003
0.0001
0.1383
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