Question: work Assignment Chapter 17 Saved O Exercise 17-21 Static House price y is estimated as a function of the square footage of a house x,

 work Assignment Chapter 17 Saved O Exercise 17-21 Static House price

work Assignment Chapter 17 Saved O Exercise 17-21 Static House price y is estimated as a function of the square footage of a house x, a dummy variable d that equals 1 if the house has ocean views and 0 otherwise; and the Interaction variable xd. The estimated house price, measured in $1,000s, Is given by y = 80 + 0.12x+ 40d + 0.01xd. a. Compute the predicted price of a house with ocean views and square footage of 2,000 and 3,000, respectively. (Enter your answers In thousands.) Square Footage Print 2,000 thousand 3,000 thousand rences b. Compute the predicted price of a house without ocean views and square footage of 2,000 and 3,000, respectively. (Enter your answers in thousands.) Square Footage 2.000 thousand 3,000 thousand c. Discuss the Impact of ocean views on the house price. As square footage increases, the price difference between houses with and without ocean views becomes larger as well

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