SCENARIO 18-1 A Real Estate Builder Wishes to Determine How House Size

Multiple Choice

SCENARIO 18-1
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 Scenario 18-1, what minimum annual income would an individual with a family size
Of 4 and 16 years of education need to attain a predicted 10,000 square foot home (House =
100) ?

A) $44.14 thousand
B) $56.75 thousand
C) $178.33 thousand
D) $211.85 thousand