Question

QUESTION 9 An estimated regression yields Price = 119.2 + 0.485BDR + 23.4Bath +0.156 Hsize + 0.002 size m e + 0.090A ge - 48.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer - There is a negative relationship between price and condition being poor so if the homeowner lets his house run down leads to the loss equal to the coefficient of being poor i.e 48.8. Here, option d) is correct but it should 48.8 rather than 48.4.

Add a comment
Know the answer?
Add Answer to:
QUESTION 9 An estimated regression yields Price = 119.2 + 0.485BDR + 23.4Bath +0.156 Hsize +...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QUESTION 7 Data were collected from a random sample of 220 home sales from a community...

    QUESTION 7 Data were collected from a random sample of 220 home sales from a community in 2013. Let Price denote the selling price (in $1000s). BDR denote the number of bedrooms, Bath denote the number of bathrooms. Hsize denote the size of the house in square feet), Lsize denote the lot size (in square feet). Age denote the age of the house in years), and Poor denote a binary variable that is equal to 1 if the condition of...

  • Data were collected from a random sample of 220 home sales from a community. Let Price...

    Data were collected from a random sample of 220 home sales from a community. Let Price denote the selling price (in $1000), BDR denote the number of bedrooms, Bath denote the number of bathrooms, Hsize denote the size of the house (in square feet), Lsize denote the lot size (in square feet), Age denote the age of the house (in years), and Poor denote a binary variable that is equal to 1 if the condition of the house is reported...

  • 5. 1 Data were collected for a random sample of 220 home sales from a U.S. community in 2003 Let Price denote the selling price (in $1000), BDR the number of bedrooms, Bath the number of bathrooms, H...

    5. 1 Data were collected for a random sample of 220 home sales from a U.S. community in 2003 Let Price denote the selling price (in $1000), BDR the number of bedrooms, Bath the number of bathrooms, Hsize the size of the house (in sq. ft.), Lsize the lot size (in sq. ft.), Age the age of the house (in years), and Poor a binary variable that is equal to 1 if the condition of the house is reported as...

  • Econ

    Data were collected from a random sample of 220 home sales from a comunity in 2013. Let Price denote the selling price (in $1000), BDR denote the number of bedrooms, Bath denote the number of bathrooms, Hsize denote the size of the house (in square feet), Lsize denote the lot size (in square feet), Age denote the age of the house (in years), and Poor denote a binary variable that is equal to 1 if the condition of the house...

  • what is R^2 Question Help a random sample of 250 home sales from a community in...

    what is R^2 Question Help a random sample of 250 home sales from a community in 2003. Let Price denote the selling price (in $1,000), BDR denote the number of bedrooms, Bath denote the number of bathrooms, Hsize denote the size of the house (in square feet), Lsize denote the lot size (in square the house (in years), and Poor denote a binary variable that is equal to 1 if the condition of the house is reported as "poor An...

  • Data were collected from a random sample of 220 home sales from a community. Let Price denote the selling price (in $100...

    Data were collected from a random sample of 220 home sales from a community. Let Price denote the selling price (in $1000), BDR denote the number of bedrooms, Bath denote the number of bathrooms, Hsize denote the size of the house (in square feet), Lsize denote the lot size (in square feet), Age denote the age of the house (in years), and Poor denote a binary variable that is equal to 1 if the condition of the house is reported...

  • Consider the following multiple regression Price - 118.1 +0.562BDR+248Bath +0.192Hsize +0.004L size 0.108Age - 48 Poor,...

    Consider the following multiple regression Price - 118.1 +0.562BDR+248Bath +0.192Hsize +0.004L size 0.108Age - 48 Poor, R2071, SER-40.2 (224) (2.08) (8.32) (0.011) (0.00045) (0.356) (105) The numbers in parentheses below each estimated coefficient are the estimated standard errors. A detailed description of the variables used in the data set is available here Suppose you wanted to test the hypothesis that BOR equals zero. That is, HBOR-O vs M, BORHO Report the t-statistic for this test. The I-statistic is a (Round...

  • Read about Cokes strategy in Africa in the article below and discuss the ethics of selling...

    Read about Cokes strategy in Africa in the article below and discuss the ethics of selling soft drinks to very poor people. Is this an issue that a company like Coke should consider? Africa: Coke's Last Frontier Sales are flat in developed countries. For Coke to keep growing, Africa is it By Duane Stanford Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street,...

  • 10. Write a one-page summary of the attached paper? INTRODUCTION Many problems can develop in activated...

    10. Write a one-page summary of the attached paper? INTRODUCTION Many problems can develop in activated sludge operation that adversely affect effluent quality with origins in the engineering, hydraulic and microbiological components of the process. The real "heart" of the activated sludge system is the development and maintenance of a mixed microbial culture (activated sludge) that treats wastewater and which can be managed. One definition of a wastewater treatment plant operator is a "bug farmer", one who controls the aeration...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT