Question: please solve 16 with the information from 14 Given that the computer of the relationship is as follows: MODEL: PRICE =35.40 SIZE +11000 BRICK +3500

please solve 16 with the information from 14 Given that the

computer of the relationship is as follows: MODEL: PRICE =35.40 SIZE +11000

please solve 16 with the information from 14

Given that the computer of the relationship is as follows: MODEL: PRICE =35.40 SIZE +11000 BRICK +3500 VINYL + 3000 STONE +6000WOOD+22500 Note: Since STEEL is not in the equation, it is the basis variable. What is the average premium that one has to pay to have a brick home over a steel home? $35.40 $11,000 For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? $104.300 $93,300 Given that the computer of the relationship is as follows: MODEL: PRICE =35.40 SIZE +11000 BRICK +3500 VINYL + 3000 STONE +6000WOOD+22500 Note: Since STEEL is not in the equation, it is the basis variable. What is the average premium that one has to pay to have a brick home over a steel home? $35.40 $11,000 For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? $104.300 $93,300

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