Question

You work as a manager. Agents are having trouble matching families to the types of houses they would seem to want and afford. Using your knowledge of multiple regression, you have developed a table that has tracked what families have purchased in the past year and made notes on their income (X1), family size (X2), and college education level(X3). This has corresponded to the size of home they purchase in square feet(Y). Given a family of 4, with an income level of $85,000, and a college education level of 6, calculate the square foot size of home a real estate agent should show them. What is the main driving factor for the size of home a family decides to purchase?    Y=845+.0155(X₁)+295.65(X₂)-35.43(X₃)

Answer 1

ANSWER

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