SCENARIO 18-1 A Real Estate Builder Wishes to Determine How House Size

question 46

Multiple Choice

SCENARIO 18-1
A real estate builder wishes to determine how house size (House) is influenced by family income
(Income) , family size (Size) , and education of the head of household (School) .House size is
measured in hundreds of square feet, income is measured in thousands of dollars, and education is in
years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel
output is provided below:
-Referring to Scenario 18-1, what minimum annual income would an individual with a family size
Of 9 and 10 years of education need to attain a predicted 5,000 square foot home (House = 50) ?

• A) $44.14 thousand
• B) $56.75 thousand
• C) $178.33 thousand
• D) $211.85 thousand

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Definitions:

Cross-training Programs

Cross-training programs involve training employees to perform tasks or duties outside their usual roles to increase flexibility and efficiency within an organization.

Job Enlargement

The process of increasing the diversity and number of tasks within a job to enhance job satisfaction and performance.

Vertical Loading

The process of enriching a job by adding more decision-making authority and responsibilities to its tasks, aimed at increasing employee motivation and job satisfaction.

Maslow's Hierarchy

A theory in psychology proposing that human needs form a five-tier model of hierarchy, from basic physiological needs to self-actualization.