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Answer:
see explaination
Step-by-step explanation:
1) Lets form the regression equation from the data results
Size = -1.633+ 0.4485*FamilyIncome + 4.2615*FamilySize - 0.6517*Education
-1.633+ 0.4485*40+ 4.2615*4 - 0.6517*13 =24.88
2) For the model to be reasonable, we must check the significant F stat from the anova table( see attachment)
From the table at attachment we can deduce; as the significant F is less 0.01 , we can safely conclude that the model is signifcant
3) all variables that have a p value less than 0.01 can be safely removed from the model as they do not contribute sigificantly from the model
so education can be removed from the model
