Real Estate Builder a Real Estate Builder Wishes to Determine

question 95

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} One individual in the sample had an annual income of $100,000, a family size of 10, and an education of 16 years. This individual owned a home with an area of 7,000 square feet. What is the residual (in hundreds of square feet)for this data point?

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Definitions:

State Taxes

Taxes imposed by state governments on income, sales, property, and other activities within their jurisdiction.

Federal Government

The national government of a federated state, which shares sovereignty with the individual state or provincial governments.

Property Tax

A tax on the value of property, such as the value of a home.

Personal Taxes

Taxes levied on the income or property of individuals.