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

question 45

Short Answer

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:
-Referring to Scenario 14-4, the coefficient of partial determination rY221⋅ is ____.

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Definitions:

Alderfer's ERG Theory

A theory that categorizes human needs into three categories: Existence, Relatedness, and Growth, suggesting that people are motivated to fulfill these needs.

Lower-level Need

Basic requirements for human survival and security, typically including physiological and safety needs.

Reactivated

Refers to something that has been brought back into action or made active again after a period of inactivity.

Unfulfilled Needs

Unfulfilled Needs refer to desires or requirements that have not been satisfied or addressed, often leading individuals or organizations to seek solutions or improvements.