Real Estate Builder a Real Estate Builder Wishes to Determine How House

question 54

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 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.

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Definitions:

Externals

People who perceive the ability to attain reinforcements as being largely outside themselves.

Internals

People who perceive the ability to attain reinforcements as being largely within themselves.

Stressful Situations

Scenarios that trigger a physical or psychological stress response due to perceived challenges or threats.

Reinforcements

In psychology, any stimulus that strengthens or increases the probability of a specific response.