Suppose a researcher collects data on houses that have been sold in a particular neighbourhood over the past year, and o

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Suppose A Researcher Collects Data On Houses That Have Been Sold In A Particular Neighbourhood Over The Past Year And O 1 (43.22 KiB) Viewed 34 times

Suppose A Researcher Collects Data On Houses That Have Been Sold In A Particular Neighbourhood Over The Past Year And O 2 (37.27 KiB) Viewed 34 times

Suppose a researcher collects data on houses that have been sold in a particular neighbourhood over the past year, and obtains the regressions results in the table shown below. This table is used for Questions 1-6. Dependent variable: In(Price) Regressor Size (2) (3) (5) (1) 0.00042 (0.000038) In(Size) 0.69 (0.054) 0.68 (0.087) 0.69 (0.055) In(Size) 0.57 (2.03) 0.0078 (0.14) Bedrooms Pool 0.071 (0.034) 0.0036 (0.037) 0.071 (0.034) 0.026 (0.026) 0.082 (0.032) 0.037 (0.029) 0.071 (0.036) View 0.071 (0.035) 0.027 (0.030) 0.027 (0.028) 0.027 (0.029) Pool x View 0.0022 (0.10) Condition 0.13 (0.045) 0.12 (0.035) 0.12 (0.035) 6.63 (0.53) 0.12 (0.036) 7.02 (7.50) 0.12 (0.035) 6,60 (0.40) Intercept 10.97 (0.069) 6,60 (0.39) Summary Statistics SER 0.102 0.098 0.099 0.099 0.099
Intercept 10.97 (0.069) 6.60 (0.39) 6.63 (0.53) 7.02 (7.50) 6.60 (0.40) Summary Statistics SER 0.102 0.098 0.099 0.099 0.099 R 0.72 0.74 0.73 0.73 0.73 Variable definitions: Price sale price (5), Size - house sire (in square foet): Bedrooms = number of bedrooms, Pool - binary variable (1 if house has a swimming pool, otherwise); Viow - binary variable (1 if house has a nice view, otherwise); Condition - binary variablo (1 if real estate agent reports house is in excellent condition, otherwise). A family purchases a 2000 square foot home and plans to make extensions totaling 500 square foot. The house currently has a pool, and a real estate agent has reported that the house is in excellent condition. However, the house does not have a view, and this will not change as a result of the extensions According to the results in column (1), what is the expected DOLLAR increase in the price of the home due to the planned extensions? (Report your answer to the nearest dollar and do not include any commas or signs.)