Solved

Exhibit 14-8

Question 88

Multiple Choice

Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x1) ,the number of bathrooms (x2) ,and its square footage (x3) .She estimates the following model: Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 14-8.The slope coefficient attached to Bed indicates that,holding other explanatory variables constant, A) An additional bedroom increases rent,on average,by $226. B) An additional bedroom increases rent,on average,by $526. C) An additional $226 in rent will lead to an additional bedroom. D) An additional $526 in rent will lead to an additional bedroom. .The following table shows a portion of the regression results. Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 14-8.The slope coefficient attached to Bed indicates that,holding other explanatory variables constant, A) An additional bedroom increases rent,on average,by $226. B) An additional bedroom increases rent,on average,by $526. C) An additional $226 in rent will lead to an additional bedroom. D) An additional $526 in rent will lead to an additional bedroom. Refer to Exhibit 14-8.The slope coefficient attached to Bed indicates that,holding other explanatory variables constant,


A) An additional bedroom increases rent,on average,by $226.
B) An additional bedroom increases rent,on average,by $526.
C) An additional $226 in rent will lead to an additional bedroom.
D) An additional $526 in rent will lead to an additional bedroom.

Correct Answer:

verifed

Verified

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

Related Questions

Q83: Exhibit 14-10.A sociologist examines the relationship between

Q84: A statistics instructor wants to examine the

Q85: Exhibit 14-6.A manager at a local bank

Q86: Exhibit 14-8.An real estate analyst believes that

Q87: Exhibit 14-9.When estimating Exhibit 14-9.When</p></div><svg width=

Q89: Exhibit 14-10.A sociologist examines the relationship between

Q90: Exhibit 14-8.An real estate analyst believes that

Q91: Exhibit 14-7.Assume you ran a multiple regression

Q92: A sample of 30 observations provides the

Q93: Exhibit 14-7.Assume you ran a multiple regression

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents