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Asume you are using multiple regression analysis to estimate the market value of a home....

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Asume you are using multiple regression analysis to estimate the market value of a home. Using a large sample of recent comparable transactions, you regress the sale prices of the comparable properties on a set of four characteristics. The results of the regression are contained in the table. X variables Coefficient ("Beta") estimate Square footage 125.0 Age of property -1,500 Lot size (in acres) 75,000 Swimming pool (0/1 variable) 12.000 Constant 3,043 The subject home has 2,700 square feet of space, is 15 years old, and sits on a half-acre lot. It does not have a swimming pool. What is the estimated market value of the subject property? $352,500 $400,543 $367,543 O None of the selections is within $10 of the correct answer $355,543

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