Real Estate Builder a Real Estate Builder Wishes to Determine

question 113

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} When the builder used a simple linear regression model with house size as the dependent variable and education as the independent variable, he obtained an R-square value of 23.0%. What additional percentage of the total variation in house size has been explained by including family size and income in the multiple regression?

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