TABLE 17-1 A Real Estate Builder Wishes to Determine How House Size

question 73

Multiple Choice

TABLE 17-1
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) ,family size (Size) ,and education of the head of household (School) .House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is in years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel output is provided below:
-Referring to Table 17-1,one individual in the sample had an annual income of $100,000,a family size of 10,and an education of 16 years.This individual owned a home with an area of 7,000 square feet (House = 70.00) .What is the residual (in hundreds of square feet) for this data point?

• A)7.40
• B)2.52
• C)-2.52
• D)-5.40

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Definitions:

Medical Complications

Unintended and problematic outcomes that arise during or as a result of medical treatment or a patient's underlying medical condition.

Pregnancy

A term describing the period during which a fetus develops inside a woman's uterus, typically lasting around forty weeks from the last menstrual period.

Dating Relationships

Romantic or sexual relationships typically formed in adolescence or adulthood, characterized by varying levels of intimacy, commitment, and social recognition.

Early Adolescence

A developmental period ranging approximately from ages 10 to 14, marked by rapid physical, cognitive, and psychosocial changes.