Question: One individual in the sample had an annual income…

Question: One individual in the sample had an annual income of $100,000, a family size of 10, and an education of 16 years. This individual owned a home with an area of 7,000 square feet (House = 70.00). What is the residual (in hundreds of square feet) for this data point?

Instruction: The answer for this part must be word-processe…

Instruction: The answer for this part must be word-processed and submitted using the Submit  button available within this question.   Create a word document with your name and page number (page i / n format) inserted in the header of each page and save it as “YourFirstNameLastName_Part3-2.docx.” Please type interpretation and your conclusion along with relevant SPSS output copied and pasted into the document. Please interpret your solution from a practical perspective as well as from a statistical perspective. I expect your report to be neat without extraneous information but be specific about the essence of the results. Make sure that you copy and paste only the relevant SPSS tables ( as opposed to all output tables) into your reports when answering the questions in Part III. You may label output (e.g., Table 1, Table 2, etc.) if you like so that you can refer to them as such in your written explanations.  Question: Problem 2 (20 points in total) Dataset: problem2.sav | problem2.csv | problem2.sas7bdat