Solved

A Realtor Is Trying to Predict the Selling Price of Houses

Question 12

Multiple Choice

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of Size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace,1 if there is a fireplace) .Part of the regression output is provided below,based on a sample of 20 homes.Some of the information has been omitted. A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of Size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace,1 if there is a fireplace) .Part of the regression output is provided below,based on a sample of 20 homes.Some of the information has been omitted.   The estimated coefficient for Size is approximately A) 9.5 B) 13.8 C) 122.5 D) 1442.6 The estimated coefficient for Size is approximately


A) 9.5
B) 13.8
C) 122.5
D) 1442.6

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions