TABLE 17-1
A real estate builder wishes to determine how house size (House)is influenced by family income (Income),family size (Size),and education of the head of household (School).House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is in years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel output is provided below:
-Referring to Table 17-1,what minimum annual income would an individual with a family size of 9 and 10 years of education need to attain a predicted 5,000 square foot home (House = 50)?
A)$44.14 thousand
B)$56.75 thousand
C)$178.33 thousand
D)$211.85 thousand

Question

TABLE 17-1
A real estate builder wishes to determine how house size (House)is influenced by family income (Income),family size (Size),and education of the head of household (School).House size is measured in hundreds of square feet,income is measured in thousands of dollars,and education is in years.The builder randomly selected 50 families and ran the multiple regression.Microsoft Excel output is provided below: 
-Referring to Table 17-1,what minimum annual income would an individual with a family size of 9 and 10 years of education need to attain a predicted 5,000 square foot home (House = 50)?
A)$44.14 thousand 
B)$56.75 thousand 
C)$178.33 thousand 
D)$211.85 thousand

Quizplus · Accepted Answer

The correct answer is A because the table shows that an individual with a family size of 9 and 10 years of education would need an annual income of $44.14 thousand to attain a predicted 5,000 square foot home.

TABLE 17-1 A Real Estate Builder Wishes to Determine How House Size