Solved

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

question 164

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: $TABLE 14-4 A real estate builder wishes to determine how house size (House) is influenced by family income (Income) , family size (Size) , and education of the head of household (School) . House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is in years. The builder randomly selected 50 families and ran the multiple regression. Microsoft Excel output is provided below: -Referring to Table 14-4, what fraction of the variability in house size is explained by income, size of family, and education? A) 27.0% B) 33.4% C) 74.8% D) 86.5%$
-Referring to Table 14-4, what fraction of the variability in house size is explained by income, size of family, and education?

Definitions:

Economic Opportunity

Circumstances that make it possible for individuals or businesses to thrive and prosper financially.

Evaluation

The process of assessing or judging the performance, effectiveness, or value of something.

Measure Progress

The process of evaluating the advancement or development of a project, student, or organization towards achieving specific goals.

Plan Objectives

Specific, measurable goals that an organization or project aims to achieve as part of its strategic or operational planning.