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.

Question

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.

Quizplus · Accepted Answer

The estimated coefficient for Size is the value next to the variable "Size" in the regression output, which is 13.8.

A Realtor Is Trying to Predict the Selling Price of Houses