Question: Hey, I'm really having trouble with this textbook problem - if someone could provide the steps and solution I would be really grateful :) 1.
Hey, I'm really having trouble with this textbook problem - if someone could provide the steps and solution I would be really grateful :)

1. Data were collected from a random sample of 220 home sales from a cornmlmit},r in 213. Let Price denote the selling price [in $113005}, BUR denote the number of bedrooms, Bath denote the number of bathrooms, H size denote the use of the house (in square feet], Lsize denote the lot size {in square feet}f Age denote the age of the house {in years}1 and Poor denote a binary.r variable that is equal to 1 if the condition of the house is reported as \"poor". An estimated regression yields EYE} =119.2 + amass + 26.43am + H.13Hsize + UELs'ize + G.GQUAge 43.3Poor, a\" = are sea = 41.5. a. Suppose a homeowner coverts part of an existing family.r room in her house into a new bathroom. 'W'liat is the expected increase in the 1value of the house?II b. Suppose a homeowner adds a new bathroom to her house1 which increases the size of the house by l square feet. 1Elm-lat is the expected increase in the value of the house?I c. 1iJ'Uhat is the loss in Tvalue if a homeowner lets his house run down, so that its condition becomes \"poor\"? d. Compute the Hg for the regression
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