25. The test statistic for testing the significance of the Living Area variable

Question

25. The test statistic for testing the significance of the Living Area variable is ________.

a) 3.135

b) 3.857

c) 4.690

d) 5.028

SUMMARY OUTPUT Rearession Statistics MultipleR R Square Adjusted R Square Standard Error Observations 0.8486 36,009.01 ANOVA Significance F 0.0022 MS Regression Residual Total 36,709,265,905.70 14 50,972,400,000.00 Coefficients Standard Error t Stat P- Lower 95% Upper 95% Intercept Age Living Area Bedrooms 108,597.3721 580.6870 86.8282 31,261.9127 101,922.3333 2,092.4981 27.6994 11,006.8696 value 0.3095 0.7865 0.0095 0.0161

Explanation / Answer

The test statistic for testing the significance of the Living Area variable is t = (86.8282)/(27.6994) = 3.135

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