Question: Multiple regression analysis is used to predict home prices based on the following regression equation: Home Price (in dollars) = 269,679 + X1(16,042) + X2(-121,731)

Multiple regression analysis is used to predict home prices based on the following regression equation: Home Price (in dollars) = 269,679 + X1(16,042) + X2(-121,731) + X3(-19,379) X1 is defined as 100s of square feet in the home. For example, if the home has 1,200 square feet, X1 would be 12. X2 and X3 are dummy variables based on the zip code of the house and are defined as follows: Zip code X2 X3 98026 0 0 98029 1 0 98116 0 1 Use these values to determine the predicted price of a 3,000 square foot home in the 98029 zip code. What is the home's predicted price in dollars?

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