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

question 33

Short Answer

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 is the predicted house size (in hundreds of square feet)for an individual earning an annual income of $40,000 and having a family size of 4?

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Definitions:

Sequencer

A control function or device that executes a series of events or operations in a predetermined order.

Sequencer

A control function or device that executes a series of events or tasks in a specified order, often used in automation and process control.

Position

The specific location or orientation of an object or component within a given frame of reference, often related to movement or placement accuracy.