Let y represent house price measured in thousand dollars. Let x and x2 represent the logarithm of land size measured in square meters and number of bedrooms, respectively. Suppose the estimated model is In (9) = 10 + 2X,+ 0.1X. Which of the following statements is the most accurate? O a. The house price is predicted to increase by 10 per cent for every 1 per cent increase of number of bedrooms holding land size constant. O b. The house price is predicted to be 10 thousand dollars when land size is O and number of bedrooms is O. O c. The house price is predicted to increase by 2 thousand dollars for every 1 per cent increase of land size holding number of bedrooms constant. O d. The house price is predicted to increase by 2 per cent for every 1 per cent increase of land size holding number of bedrooms constant. O e. None of the answers provided.
Let y represent house price measured in thousand dollars. Let x and x2 represent the logarithm of land size measured in square meters and number of bedrooms, respectively. Suppose the estimated model is In (9) = 10 + 2X,+ 0.1X. Which of the following statements is the most accurate? O a. The house price is predicted to increase by 10 per cent for every 1 per cent increase of number of bedrooms holding land size constant. O b. The house price is predicted to be 10 thousand dollars when land size is O and number of bedrooms is O. O c. The house price is predicted to increase by 2 thousand dollars for every 1 per cent increase of land size holding number of bedrooms constant. O d. The house price is predicted to increase by 2 per cent for every 1 per cent increase of land size holding number of bedrooms constant. O e. None of the answers provided.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Let y represent house price measured in thousand dollars. Let x, and x, represent the logarithm of land
size measured in square meters and number of bedrooms, respectively. Suppose the estimated model is
In (9) = 10 + 2X,+ 0.1X. Which of the following statements is the most accurate?
O a. The house price is predicted to increase by 10 per cent for every 1
per cent increase of number of bedrooms holding land size
constant.
O b. The house price is predicted to be 10 thousand dollars when land
size is O and number of bedrooms is O.
O c. The house price is predicted to increase by 2 thousand dollars for
every 1 per cent increase of land size holding number of bedrooms
constant.
O d. The house price is predicted to increase by 2 per cent for every 1
per cent increase of land size holding number of bedrooms
constant.
O e. None of the answers provided.
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