Question: A model to estimate House Price based upon the size of the house (Space) and the number of bedrooms (Beds), resulted in the following output.

A model to estimate House Price based upon the size of the house (Space) and the number of bedrooms (Beds), resulted in the following output. Let us assume that space and number of bedrooms are not correlated. If the model was used to evaluate the impact of increasing the size of a house by building an addition, which of the following would NOT be true Regression Statistics Multiple R 0.7894068 R Square 0.623163 Adjusted R Square 0.6140826 Standard Error- 83682.642 Observlions 86 Coefficientsandard Errc Intercept 173184.37 35966.22 Space 161.25873 22.46425 Bed 28725.469 5530.864a adding a bedroom would increase the price. b a 200 square foot addition would increase the price by approximately $32,252. c our best guess is that the estimated price would increase by $161 per square foot added. d The value of the house would only increase by 62.3% of the cost of the addition. V Saved

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