SCENARIO 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 (X1 | X2) = 3297.7917
-Referring to Scenario 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?
Definitions:
Working Memory Capacity
The amount of information a person can hold and manipulate in their working memory at one time.
Mental Processes
are activities of the mind involved in thinking, understanding, learning, and remembering.
Executive Control Functions
Cognitive processes including planning, working memory, attention, problem solving, verbal reasoning, inhibition, mental flexibility, task switching, and initiation and monitoring of actions.
Practical Intelligence
A form of intelligence related to the ability to solve everyday problems by utilizing experience-based knowledge.
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