Real Estate Builder a Real Estate Builder Wishes to Determine How House

question 58

Short Answer

Real Estate Builder
A real estate builder wishes to determine how house size is influenced by family income,family size,and education of the head of household.House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is measured in years.A partial computer output is shown below. SUMMARY OUTPUT Regression Statistics Multiple R 0.865 R Square 0.748 Adjusted R Square 0.726 Standard Error 5.195 Observations 50 ANOVA ​ ​
-{Real Estate Builder Narrative} What is the predicted house size for an individual earning an annual income of $40,000,having a family size of 4,and having 13 years of education?

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Definitions:

Take-Home Pay

The net amount of income received after the deduction of taxes, benefits, and voluntary contributions from the gross salary.

Payroll Accounting

The process of recording and managing all financial transactions related to a company's payment of salaries, wages, and other compensations to employees.

Employee Morale

The general perspective, mood, contentment, and self-assurance that staff experience in the workplace.

Cash Flow Problems

Financial difficulties faced by a business due to inadequate cash to cover its obligations.