A Real Estate Appraiser Is Developing a Regression Model to Predict

question 53

Multiple Choice

A real estate appraiser is developing a regression model to predict the market value of single-family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no) .The "central heating" variable in this model is _______.

• A)a response variable
• B)an independent variable
• C)a quantitative variable
• D)a dependent variable
• E)a constant

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Definitions:

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Gross Salary

The total amount of an employee's earnings before any deductions are made, such as taxes and social security contributions.

Insurance

A financial product that provides protection against financial loss, offering compensation in the case of specific events such as accident, illness, or damage to property.

Hostile Work Environment

A form of workplace harassment characterized by an environment that is intimidating, hostile, or offensive, making it difficult for an employee to work.