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
ANOVA
{Real Estate Builder Narrative} One individual in the sample had an annual income of $10,000, a family size of 1, and an education of 8 years. This individual owned a home with an area of 1,000 square fee (House = 10.00). What is the residual (in hundreds of square feet)for this data point?
Correct Answer:

Verified
Correct Answer:
Verified
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