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

question 53

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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: 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 is the predicted house size (in hundreds of square feet) for an Individual earning an annual income of $40,000, having a family size of 4, and going to school a Total of 13 years? A)  11.43 B)  15.15 C)  24.88 D)  53.87
-Referring to Scenario 18-1, what is the predicted house size (in hundreds of square feet) for an
Individual earning an annual income of $40,000, having a family size of 4, and going to school a
Total of 13 years?


Definitions:

Primary Reinforcer

A stimulus that satisfies basic survival instincts such as food, water, and warmth, and doesn't require learning to become effective.

Conditioned Reinforcer

a stimulus that gains its reinforcing power through association with a primary reinforcer, used to increase the likelihood of a specific response in operant conditioning.

Reinforcing Power

The ability of a stimulus to increase the likelihood of the repetition of a behavior when it is presented following that behavior.

Course Grades

The formal assessment of a student's performance in a course, often represented by letters or numbers.

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