Question: 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

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.


A real estate developer wishes to study the relationship between


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

Square nc Family Senior Parent ncome (000s) 60.8 68.4 104.5 89.3 72.2 114 125.4 83.6 133 95 Size Education Feet 2,240 2,380 3,640 3,360 3,080 2,940 4480 2,520 4,200 2,800 Family 10 10

Step by Step Solution

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The number of family members would enter first Then their income would c... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

356-M-S-L-R (649).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!