BUSI 1013 Final Exam.docx - WWW.YORKVILLEU.CA Ontario BBA...

Ontario BBA program
BUSI 1013-Statistics for Business
Final Exam- Summer 2020
Student Information
Name:
Student ID:
Section:
Important Information:
1. Upload the Final Exam in the folder that you will find in Unit 11 in the
Moodle as a single pdf file. All the solution should be in order.
2. This Final Exam is worth 40% of your Final grades.
3. Allowed Materials: Scientific calculator, pen, pencil, eraser.
4. This Final exam contains 11 pages and 10 questions. Total mark is 72.
5. Time allowed: 3 hours
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BUSI 1013 Final Exam Ontario BBA program

Question 1 (8 Points)
A real estate research firm has developed a regression model relating list price (Y in $1,000) with
two independent variables. The two independent variables are number of bedrooms and size of
the property. Part of the regression results are shown below.
ANOVA
df SS MS
Regression 2 256881.37
128440.6
8
Residual 46 739058.54 16066.49
Coefficient
s Standard Error t Stat
Intercept 54.298 71.326
# Bedrooms 53.634 5.271
Acres 21.458 37.630
1. What has been the sample size? ( 2 Points )
2. What is the value of the F test statistic for testing whether the regression model is
significant? ( 2 Points
3. What is the rejection rule for testing whether the regression model is significant at the
0.05 level of significance? ( 2 Points )
4. What is the value of the t test statistic for testing whether the variable Acres is significant?
)
( 2 Points )
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BUSI 1013 Final Exam Ontario BBA program