Multiple choiceA) For each additional bedroom the rent is predicted to increase by $208B) For each additional bedroom the rent is predicted to increase by $86C) For each additional bedroom the rent is predicted to increase by $.10D) For each additional bedroom the rent is predicted to increase by $310

Week 6 Quiz - Chapter 14 i Saved Help Save & Exit Submit 8 TB MC Qu. 14-97 (Algo) A real estate analyst believes that... A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y, in $), 10 the number of bedrooms (x1), the number of bathrooms (x2), and its square footage (x3). She estimates the following model as points Rent = Bo + 81 Bedroom + 82 Bath + 83 Saft + E. The following ANOVA table shows a portion of the regression results. 00:35:41 df SS MS F Regression 3 eBook 5 , 694, 624 1, 898, 208 50 . 88 Residual 36 1, 343, 190 37, 311 References Total 39 7, 037, 814 Coefficients Standard Error t-stat p-value Intercept 310 94.0 3.3 0 . 0020 Bedroom 208 59. 1 3.52 0 . 0008 Bath 86 56. 3 1.53 0 . 1213 Saft 0. 1 0 . 05 2 0 . 0274 The slope coefficient for Bedroom indicates that, holding other explanatory variables constant