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(c) Does house size affect house price? Set up the appropriate hypothesis to test this. Answer: The house size affects house prices since we could reject the null hypothesis that B₁ + B3 × bdrms 0. Below is the STATA command.

(c) Does house size affect house price? Set up the appropriate hypothesis to test this. Answer: The house size affects house prices since we could reject the null hypothesis that B₁ + B3 × bdrms 0. Below is the STATA command.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What stata command should be used?
(c) Does house size affect house price? Set up the appropriate hypothesis to test this. Answer: The house size affects house prices since we could reject the null hypothesis that B₁ + B3 × bdrms 0. Below is the STATA command.
Transcribed Image Text:(c) Does house size affect house price? Set up the appropriate hypothesis to test this. Answer: The house size affects house prices since we could reject the null hypothesis that B₁ + B3 × bdrms 0. Below is the STATA command.
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