Question

From the regression example discussed in class and based on the information below, what is the impact on the price of a house
a. $48,626
b. $97,252
c. $28,545
d. none of the above
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Answer #1

The coefficient of bathrooms is $48626.

Hence the impact of adding one bathroom is $48626.

The impact of adding two bathrooms will be $48626*2 = $97252.

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a. $48,626 b. $97,252 c. $28,545 d. none of the above From the regression example discussed...
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