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

question 63

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 $40,000,a family size of 1,and an education of 8 years.This individual owned a home with an area of 1,000 square feet (House = 10.00) .What is the residual (in hundreds of square feet) for this data point?

• A)-6.99
• B)-5.35
• C)5.40
• D)16.99

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Definitions:

Academic Accomplishments

Achievements obtained in an educational setting, such as degrees, awards, or high grades.

Personal Accomplishments

The achievements and milestones a person has achieved through effort, skill, or perseverance, contributing to their sense of success and fulfillment.

Sustainable Career Advantage

The ongoing ability to maintain and grow one’s career over time through continuous learning, skill development, and adaptability to changing work environments.

Personal Attributes

Qualities or characteristics that define an individual’s personality, often influencing their behavior and manner in personal and professional contexts.