A real estate developer wishes to study the relationship between the size of home a client...

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Advance Math

A real estate developer wishes to study the relationship betweenthe size of home a client will purchase (in square feet) and othervariables. Possible independent variables include the familyincome, family size, whether there is a senior adult parent livingwith the family (1 for yes, 0 for no), and the total years ofeducation beyond high school for the husband and wife. The sampleinformation is reported below.
Family Square Feet Income (000s) Family Size Senior Parent Education
1 2,200 60.8 2 0 4
2 2,300 68.4 2 1 6
3 3,400 104.5 3 0 7
4 3,360 89.3 4 1 0
5 3,000 72.2 4 0 2
6 2,900 114 3 1 10
7 4,100 125.4 6 0 6
8 2,520 83.6 3 0 8
9 4,200 133 5 0 2
10 2,800 95 3 0 6
Develop an appropriate multiple regression equation usingstepwise regression. (Use Excel data analysis and enternumber of family members first, then their income and delete anyinsignificant variables. Leave no cells blank - be certain to enter\"0\" wherever required. R and R2 adj are in percent values.Round your answers to 3 decimal places.)
Step 1 2
Constant
Family Size
t-statistic
p-value
Income
t-statistic
p-value
S
R-Sq
R-Sq(adj)

Answer & Explanation Solved by verified expert

4.3 Ratings (840 Votes)

Make sure your excel sheet has data analysis option enabled forthat go to file option after that click on options then chooseaddins then click on See Answer

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Family	Square Feet	Income (000s)	Family Size	Senior Parent	Education
1		2,200		60.8		2	0	4
2		2,300		68.4		2	1	6
3		3,400		104.5		3	0	7
4		3,360		89.3		4	1	0
5		3,000		72.2		4	0	2
6		2,900		114		3	1	10
7		4,100		125.4		6	0	6
8		2,520		83.6		3	0	8
9		4,200		133		5	0	2
10		2,800		95		3	0	6