A Regression Equation That Predicts the Price of Homes in Thousands

question 65

Multiple Choice

A regression equation that predicts the price of homes in thousands of dollars is _t = 24.6 + 0.055x₁ - 3.6x₂,where x₂ is a dummy variable that represents whether the house in on a busy street or not.Here x₂ = 1 means the house is on a busy street and x₂ = 0 means it is not.Based on this information,which of the following statements is true?

• A)On average,homes that are on busy streets are worth $3600 less than homes that are not on busy streets.
• B)On average,homes that are on busy streets are worth $3.6 less than homes that are not on busy streets.
• C)On average,homes that are on busy streets are worth $3600 more than homes that are not on busy streets.
• D)On average,homes that are on busy streets are worth $3.6 more than homes that are not on busy streets.

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Definitions:

Hormonal Cells

Cells that produce and release hormones, which are chemical messengers that influence many processes in the body.

Blood Supply

The circulation of blood within an organism, ensuring that nutrients, oxygen, and waste products are transported to and from cells.

Secondary Spermatocyte

A cell formed from the division of a primary spermatocyte during meiosis I, which will undergo meiosis II to produce spermatids.

Primary Spermatocyte

A cell that arises from the division of spermatogonia in the male reproductive process, undergoing meiosis to form spermatids.