Suppose we obtain data on prices of big-screen televisions and estimate the following model: In(Price) = 4.06 +0.06 * Size +0.23 * Wide +0.34 * Plasma + 0.21 * LCD+0.09 * Memory where the dependent variable has been transformed, Size is the screen size measured in inches, Wide is a dummy variable equal to one if the television is a widescreen, Plasma is a dummy variable equal to one if the television is a Plasma screen, LCD is equal to one if the television is an LCD screen, and Memory is a dummy variable equal to one if the television has any memory card slots. What is the estimated price of a 42" Widescreen Plasma television with 2 memory card slots? Select one: Оа. 724 оь. 7.33 1525.38 O d. 1394.09 1881.83 Clear my choice

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Suppose we obtain data on prices of big-screen televisions and estimate the following model:
In(Price) = 4.06 + 0.06 * Size +0.23 * Wide + 0.34 * Plasma + 0.21 * LCD+0.09 * Memory
where the dependent variable has been transformed, Size is the screen size measured in inches, Wide is a dummy variable equal to one if the television is a widescreen, Plasma is a dummy variable equal to one if the television is a Plasma
screen, LCD is equal to one if the television is an LCD screen, and Memory is a dummy variable equal to one if the television has any memory card slots.
What is the estimated price of a 42" Widescreen Plasma television with 2 memory card slots?
Select one:
O a. 7.24
O b. 7.33
1525.38
O d. 1394.09
• e 1881.83
Clear my choice
Transcribed Image Text:Suppose we obtain data on prices of big-screen televisions and estimate the following model: In(Price) = 4.06 + 0.06 * Size +0.23 * Wide + 0.34 * Plasma + 0.21 * LCD+0.09 * Memory where the dependent variable has been transformed, Size is the screen size measured in inches, Wide is a dummy variable equal to one if the television is a widescreen, Plasma is a dummy variable equal to one if the television is a Plasma screen, LCD is equal to one if the television is an LCD screen, and Memory is a dummy variable equal to one if the television has any memory card slots. What is the estimated price of a 42" Widescreen Plasma television with 2 memory card slots? Select one: O a. 7.24 O b. 7.33 1525.38 O d. 1394.09 • e 1881.83 Clear my choice
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