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. Family Square Feet Income (000s) Family Size Senior Parent Education
1 2,240 60.8 2 0 4
2 2,380 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
A. Develop an appropriate mutiple regression equation using stopwise method.
B. Select all independent variables that should be in the final model.
1. Senior parent.
2. Square feet.
3. Family size.
4. Income Education.