gi/x/Isl.exe/1o u-IgNslkr7)8P3jH-lvddbBXZž F25VHHv5FgubG623 2 10 12 15 study the

Question

gi/x/Isl.exe/1o u-IgNslkr7)8P3jH-lvddbBXZž F25VHHv5FgubG623 2 10 12 15 study the relationship between house sales prices and some importamt predictors of seles prices. Based on data from recenty sold homes in the area, the variables ym sales price (in thousands of dollars) total floor area (in square feet) x, number of bedrooms x3 - distance to nearest high school (in miles) are used in a multiple regression model. The estimated model is y 145+0.05x, + 19x2 4x Answer the folowing questions for the interpretation of the coefficient of 3 in this model. mide inont a house th dollars average change in sales price for each d decrease

Explanation / Answer

this is given by coefficient of x3
= -4

hence
-4   and decrease   are correct aswer

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