A real estate developer wishes to study the relationship between the size of home a client will purchase (in square feet) and other variables. Possible independent variables include the family income, family size, whether there is a senior adult parent living with the family (1 for yes, 0 for no), and the total years of education beyond high school for the husband and wife. The sample information is reported below.

Develop an appropriate multiple regression equation. Which independent variables would you include in the final regression equation? Use the stepwisemethod.

  • CreatedDecember 10, 2014
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