Suppose You Have the Following Regression Results from a Regression

question 23

Multiple Choice

Suppose you have the following regression results from a regression of home prices on house attributes for a random sample of house transactions: $$\begin{array} { | l | r | r | } \hline & \text { Coefficierts } & \text { Stardard Error } \\\hline \text { Iratercept } & 16310.0 & 4114.5 \\\hline \text { Nurrber of Bedroorrs } & 7295.3 & 1399 . \\\hline \text { Number of Bathroorrs } & 23473.0 & 4032.0 \\\hline\end{array}$$ Given these results which additional condition would be sufficient to ensure number of bathrooms satisfies the "primary criteria" for a good control variable in attempting to identify the causal effect of number of bedrooms on house prices?

• A) The number of bathrooms is correlated with house prices.
• B) The number of bedrooms is correlated with house prices.
• C) The number of bathrooms is correlated with the number of bedrooms.
• D) The p-value for the number of bedrooms.

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Definitions:

Volley Principle

The volley principle is a theory of hearing that suggests groups of auditory neurons can provide a higher frequency response by firing in succession, allowing for the perception of sounds higher than their individual maximum firing rates.

Reflected Sounds

Sounds that are echoed or bounced off surfaces, altering the perception of the sound source.

Absolute Pitch

The ability to identify or reproduce a musical note without the need for a reference tone.

Intermediate-Frequency

A frequency range that lies between the high frequency and low frequency bands, often used in radio frequency applications.