Solved

TABLE 14-4 A Real Estate Builder Wishes to Determine How House Size

question 20

Multiple Choice

TABLE 14-4
A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size) .House size is measured in hundreds of square feet and income is measured in thousands of dollars.The builder randomly selected 50 families and ran the multiple regression.Partial Microsoft Excel output is provided below: $TABLE 14-4 A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size) .House size is measured in hundreds of square feet and income is measured in thousands of dollars.The builder randomly selected 50 families and ran the multiple regression.Partial Microsoft Excel output is provided below: Also SSR (X1 ∣ X2) = 36400.6326 and SSR (X2 ∣ X1) = 3297.7917 -Referring to Table 14-4,what fraction of the variability in house size is explained by income and size of family? A) 17.56% B) 70.69% C) 71.89% D) 84.79%$ Also SSR (X₁ ∣ X₂) = 36400.6326 and SSR (X₂ ∣ X₁) = 3297.7917
-Referring to Table 14-4,what fraction of the variability in house size is explained by income and size of family?

Definitions:

Options

Choices available in a software program or system that allow the user to configure or customize its behavior.

Applets

Small application programs designed to run within a web browser or other Java-enabled environments, offering limited functionality.

HTML

HyperText Markup Language, the standard markup language used for creating web pages and web applications.

Documents

Text-based files that can contain formatted text, images, and other elements, used for storing written content.