A real estate developer wishes to study the relationship between the size of home a client will purchase (in square feet) and oth variables. Possible independent variables include the family income, family size, whether there is a senior adult parent living wit family (1 for yes, O for no), and the total years of education beyond high school for the husband and wife. The sample informatio reported below. Family 123456789 10 Square Feet 2,200 2,300 3,400 3,360 3,000 2,900 4,100 2,520 4,200 2,800 Income (000s) 60.8 68.4 104.5 89.3 72.2 114 125.4 83.6 133 95 Click here for the Excel Data File Family Size 2 шишашаашWN 3 3 4 3 6 3 5 3 Senior Parent 0 1 0 0 0 0 Education 46782OOON6 0 10
A real estate developer wishes to study the relationship between the size of home a client will purchase (in square feet) and oth variables. Possible independent variables include the family income, family size, whether there is a senior adult parent living wit family (1 for yes, O for no), and the total years of education beyond high school for the husband and wife. The sample informatio reported below. Family 123456789 10 Square Feet 2,200 2,300 3,400 3,360 3,000 2,900 4,100 2,520 4,200 2,800 Income (000s) 60.8 68.4 104.5 89.3 72.2 114 125.4 83.6 133 95 Click here for the Excel Data File Family Size 2 шишашаашWN 3 3 4 3 6 3 5 3 Senior Parent 0 1 0 0 0 0 Education 46782OOON6 0 10
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
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 independent variables include the family income, family size, whether there is a senior adult parent living with the
family (1 for yes, O for no), and the total years of education beyond high school for the husband and wife. The sample information is
reported below.
Family
1
2
2
3
4
7
?
6
D
7
8
9
10
Step
Constant
Family Size
t-statistic
p-value
Income
t-statistic
p-value
Square
Feet
2,200
2,300
S
R-Sq
R-Sq(adj)
3,400
3,360
31200
3,000
5,000
2,900
4,100
2,520
4, 200
2,800
Income
(000s)
60.8
68.4
1
104.5
89.3
9928
72.2
12.2
114
125.4
83.6
133
95
Family
Size
6
3
5
3
Senior
Parent
9
+
2
0
1
9
0
0
0
Education
4
6
2
Click here for the Excel Data File
a. Develop an appropriate multiple regression equation using stepwise regression. (Use Excel data analysis and enter number of
family members first, then their income and delete any insignificant variables. Leave no cells blank - be certain to enter "0"
wherever required. Rand R2 adj are in percent values. Round your answers to 3 decimal places.)
10
6
8
6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf842d35-a2e6-413e-9260-ef71aff9bd25%2F9b5332e4-c12e-416f-9b07-42aff2a6e227%2F97kc75_processed.png&w=3840&q=75)
Transcribed Image Text: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, O for no), and the total years of education beyond high school for the husband and wife. The sample information is
reported below.
Family
1
2
2
3
4
7
?
6
D
7
8
9
10
Step
Constant
Family Size
t-statistic
p-value
Income
t-statistic
p-value
Square
Feet
2,200
2,300
S
R-Sq
R-Sq(adj)
3,400
3,360
31200
3,000
5,000
2,900
4,100
2,520
4, 200
2,800
Income
(000s)
60.8
68.4
1
104.5
89.3
9928
72.2
12.2
114
125.4
83.6
133
95
Family
Size
6
3
5
3
Senior
Parent
9
+
2
0
1
9
0
0
0
Education
4
6
2
Click here for the Excel Data File
a. Develop an appropriate multiple regression equation using stepwise regression. (Use Excel data analysis and enter number of
family members first, then their income and delete any insignificant variables. Leave no cells blank - be certain to enter "0"
wherever required. Rand R2 adj are in percent values. Round your answers to 3 decimal places.)
10
6
8
6
![b. Select all independent variables that should be in the final model. (You may select more than one answer. Single-click the box with
the question mark to produce a check mark for a correct answer and double-click the box with the question mark to empty the box
for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
? Senior parent
? Square feet
? Family size
? Income
? Education
c. Write out the regression equation.
Square feet =
+
d. Report and interpret the adjusted R².
%
(Family Size) +
(Income)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf842d35-a2e6-413e-9260-ef71aff9bd25%2F9b5332e4-c12e-416f-9b07-42aff2a6e227%2F96orpn4_processed.png&w=3840&q=75)
Transcribed Image Text:b. Select all independent variables that should be in the final model. (You may select more than one answer. Single-click the box with
the question mark to produce a check mark for a correct answer and double-click the box with the question mark to empty the box
for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
? Senior parent
? Square feet
? Family size
? Income
? Education
c. Write out the regression equation.
Square feet =
+
d. Report and interpret the adjusted R².
%
(Family Size) +
(Income)
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