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

question 34

Multiple Choice

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 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:

Middle Managers

Individuals who manage the work of first-level managers and may report to upper management, playing a crucial role in implementing organizational policies and strategies.

Top Management

The highest level of management in an organization, responsible for strategic decisions and overall direction.

Operating Employees

Workers directly involved in the production process or core operations of an organization, typically performing specific task-oriented roles.

John Holland's Model

A theory of career choice that suggests people are most satisfied in work environments that match their personality types.