Author Question: A real estate builder wishes to determine how house size (House) is influenced by family income ... (Read 54 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
A real estate builder wishes to determine how house size (House) is influenced by family income (Income), family size (Size), and education of the head of household (School). House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is in years. The builder randomly selected 50 families and constructed the multiple regression model. The business literature involving human capital shows that education influences an individual's annual income. Combined, these may influence family size. With this in mind, what should the real estate builder be particularly concerned with when analyzing the multiple regression model?
 
  A) Missing observations B) Collinearity
  C) Normality of residuals D) Randomness of error terms

Question 2

In a multiple regression model, which of the following is correct regarding the value of the adjusted r2?
 
  A) It can be negative.
  B) It has to be larger than the coefficient of multiple determination.
  C) It can be larger than 1.
  D) It has to be positive.



jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

For a complete list of videos, visit our video library