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:

Robert Rescorla

A psychologist known for his influential work in the conditioning area, particularly regarding the contingency model of classical conditioning.

B. F. Skinner

An American psychologist known for his work in behaviorism and the development of the theory of operant conditioning, which emphasizes the role of reinforcement and punishment in shaping behavior.

Law of Effect

A principle in psychology proposed by Edward Thorndike, suggesting that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to reoccur.

Skinner

B.F. Skinner, an influential American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.