Question: C3 Refer to Computer Exercise C2 in Chapter 3. Now, use the log of the housing price as the dependent variable: log(price) = o +

 C3 Refer to Computer Exercise C2 in Chapter 3. Now, use

C3 Refer to Computer Exercise C2 in Chapter 3. Now, use the log of the housing price as the dependent variable: log(price) = o + Bisqrft + B2bdrms + u. (i) You are interested in estimating and obtaining a confidence interval for the percent- age change in price when a 150-square-foot bedroom is added to a house. In decimal form, this is 0, = 150B1 + B2. Use the data in HPRICEL.RAW to estimate 01. (ii) Write B2 in terms of 0, and B1 and plug this into the log(price) equation. (iii) Use part (ii) to obtain a standard error for and use this standard error to construct a 95% confidence interval

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