How Would You Interpret the Coefficient on X₂

question 11

Multiple Choice

How would you interpret the coefficient on x₂?

• A)The average square footage area of living space is 1,250 square feet.
• B)We would expect to pay approximately an additional $1,000 for each additional square foot of living space.
• C)We would expect to pay an additional $1,000 for each an additional 125 square foot of living space,given that the number of bedrooms and the number of miles from the beach are held constant.
• D)We would expect to pay,on average,an additional $125 for each additional square foot of living space,given that the number of bedrooms and the number of miles from the beach are held constant.

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