Real Estate Builder a Real Estate Builder Wishes to Determine

question 136

Essay

Real Estate Builder A real estate builder wishes to determine how house size is influenced by family income, family size, and education of the head of household. House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. A partial computer output is shown below. SUMMARY OUTPUT
ANOVA
  {Real Estate Builder Narrative} At the 0.01 level of significance, what conclusion should the builder draw regarding the inclusion of education in the regression model?

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Reinforcement Value

The significance or appeal of a potential reward that strengthens or increases the likelihood of a desired response or behavior.

Outcome

The result or effect of an action, situation, or event.

Insulin

Insulin is a hormone produced by the pancreas that regulates blood glucose levels by promoting the absorption of glucose into liver, fat, and skeletal muscle cells.