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

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TABLE 14-4
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: TABLE 14-4 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 Table 14-4, 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 Table 14-4, 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:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

An educational method where behavior intensity is altered by either rewards or penalties.

Insight

The ability to gain a clear and deep understanding of a situation or concept, often leading to a breakthrough or solution.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it over time.

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