please answer with explanation using Microsoft word and copying and pasting the answer here so i...

50.1K

Verified Solution

Question

Statistics

please answer with explanation using Microsoft word and copyingand pasting the answer here so i can easily copy and paste on myword document. thank you
9) A researcher has developed the following regression equationto predict the prices of luxurious Oceanside condominium units, =40 + 0.15Size + 50View, where Price is the price of a unit (in$1,000s), Size is the square footage (in sq. feet), and View is adummy variable taking on 1 for an ocean view unit and 0 for a bayview unit. Which of the following is the difference in predictedprices of the ocean view and bay view units with the same squarefootage? A) $315,000 B) $50,000 C) $265,000 D) $40,000
19) Consider the regression equation = b0 + b1xd with b1 > 0and a dummy variable d. If d changes from 0 to 1, which of thefollowing is true? A) The intercept increases by b0 + b1. B) Theintercept increases by b1. C) The slope increases by b0 + b1. D)The slope increases by b1.

Answer & Explanation Solved by verified expert

4.4 Ratings (754 Votes)

The regression equation to predict the prices of luxurious Oceanside condominium units is given by Price 40 015Size 50View Where Price is the price of a unit in See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member