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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:

Mumford Et Al

Refers to the works of Mumford and colleagues, often in context to their contributions to the field of leadership, organizational behavior, or creativity research.

High-Level Managers

Executives or top-tier managers in an organization responsible for making strategic decisions.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Skills Model

A framework suggesting that effective leadership is derived from an individual's abilities, such as technical skills, human skills, and conceptual skills, critical for problem-solving and decision-making.