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

---

Definitions:

Trademark Issues

Legal challenges related to the unauthorized use or imitation of unique brand symbols, names, or slogans protected by trademark laws.

Dietary Restrictions

Guidelines that restrict or eliminate certain foods or ingredients in one's diet for health, religious, or ethical reasons.

Communication Aspect

Refers to the ways in which information is transmitted and received in the marketing process, including advertising, public relations, and personal selling.

Label

A piece of information attached to a product that provides details about its origin, maker, components, and use instructions.