Find the sign.

Part I: Model Use Table 1 below to describe the expected relationship between Price and the right-hand side independent variables. Explain the rationale for the signs. Table 1: Variable definition and expected sign Variables Definition Expected sign PRICE Final price of the residential property SOFT Square footage (size) BED Number of bedrooms BATH Number of bathrooms POOL 1 for swimming pool and 0 otherwiseII. MODEL EXAMPLE The model we will be estimating is as follows: TESTSCR = Bo + BiEXPSTU + B2STR + BAVINC +B4ELPCT Table 1: Variables, definitions, and expected signs Variables Definitions Expected Sign TESTSCR The average of the reading and math scores on Null; Dependent the Stanford 9 of each district's fifth graders Variable EXPSTU Expenditures per student in dollars + STR The student-teacher ratio AVINC The district average income in thousands of dollars ELPCT The percentage of students that are English Learners, that is for whom English is a second language