TABLE 13-4
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 13-4, one individual in the sample had an annual income of $40,000, a family size of 1, and an education of 8 years. This individual owned a home with an area of 1,000 square feet (House = 10.00) . What is the residual (in hundreds of square feet) for this data point?
Definitions:
Cognitive Dissonance
The uncomfortable feeling people experience when they have two thoughts or cognitions conflict with one another.
Attitude Polarization
The phenomenon by which an individual's stance on an issue becomes more extreme after considering evidence or arguments.
Show Attitude
The demonstration of one's feelings, beliefs, or disposition through verbal and non-verbal forms of expression.
Biased Manner
A way of acting or making decisions that is influenced by prejudices or partiality, rather than being fair or impartial.
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