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How Would You Interpret the Coefficient on X3

Question 6

Multiple Choice

How would you interpret the coefficient on x3?


A) We would expect to pay approximately $1,000 more for a house that is located 6 miles away from the beach.
B) We would expect to pay approximately $6,040 more for a house that is located an additional mile away from the beach.
C) We would expect to pay,on average,$1,000 less for a house that is located 6 miles away from the beach,given that the number of bedrooms and square footage of living space are held constant.
D) We would expect to pay,on average,$6,040 less for a house that is located an additional mile away from the beach,given that the number of bedrooms and square footage of living space are held constant.

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