For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? O $104.300 O $$93,300

Structural Analysis
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ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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For problem #14, what would be the predicted price of a BRICK home of 2000 square feet?
O $104.300
O $$93,300
Transcribed Image Text:For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? O $104.300 O $$93,300
Question 14
Given that the computer of the relationship is as follows:
MODEL: PRICE = 35.40*SIZE +11000 BRICK +3500 VINYL +3000 STONE
Note: Since STEEL is not in the equation, it is the basis variable.
+6000 WOOD + 22500
What is the average premium that one has to pay to have a brick home over a steel home?
O $35.40
O $11,000
Transcribed Image Text:Question 14 Given that the computer of the relationship is as follows: MODEL: PRICE = 35.40*SIZE +11000 BRICK +3500 VINYL +3000 STONE Note: Since STEEL is not in the equation, it is the basis variable. +6000 WOOD + 22500 What is the average premium that one has to pay to have a brick home over a steel home? O $35.40 O $11,000
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