How Would You Interpret the Coefficient on X₃

question 6

Multiple Choice

How would you interpret the coefficient on x₃?

• A)We would expect to pay approximately $1,000 more for a house that is located 6 miles away from the beach.
• B)We would expect to pay approximately $6,040 more for a house that is located an additional mile away from the beach.
• C)We would expect to pay,on average,$1,000 less for a house that is located 6 miles away from the beach,given that the number of bedrooms and square footage of living space are held constant.
• D)We would expect to pay,on average,$6,040 less for a house that is located an additional mile away from the beach,given that the number of bedrooms and square footage of living space are held constant.

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