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

question 57

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} At the 0.01 level of significance,what conclusion should the builder draw regarding the inclusion of income in the regression model?

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Definitions:

Mere Exposure

A psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Anxious Attachment

A style of attachment characterized by a strong fear of being abandoned by the relationship partner and a desire to maintain closeness.

Imprinting

An innate form of learning within a critical period early in an animal's life where it forms attachments and recognizes certain stimuli as essential.

Insecure Attachment

A type of attachment characterized by fear, anxiety, or avoidance in relationships, stemming from inconsistent or negative early experiences with caregivers.