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 Regression Statistics Multiple R 0.865 R Square 0.748 Adjusted R Square 0.726 Standard Error 5.195 Observations 50 ANOVA 
-{Real Estate Builder Narrative} Interpret the value of the Adjusted R-Square.
Definitions:
Partnership Obligations
The duties, responsibilities, and liabilities assumed by partners in a business partnership, as dictated by law or agreement.
Vicarious Liability
Legal responsibility placed on one person for the acts of another.
Joint Liability
Shared liability. In partnership law, partners incur joint liability for partnership obligations and debts.
Fiduciary Duty
A legal obligation of one party to act solely in the best interest of another party, such as a trustee for a beneficiary.
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