House price y is estimated as a function of the square footage of a house x and a dummy variable d that equals 1 if the house has ocean views. The estimated house price, measured in $1,000s, is given by yˆ = 118.90 + 0.12x + 52.60d. a-1. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 2,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) a-2. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 3,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) b-1. Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 2,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) b-2. Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 3,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) c. Discuss the impact of ocean views on the house price. multiple choice An ocean view increases the value of a house by approximately $52,600. An ocean view decreases the value of a house by approximately 10%. An ocean view decreases the value of a house by approximately $52.600. An ocean view increases the value of a house by approximately 10%.

Answers

Answer 1

Answer:

a-1. The predicted price of a house with ocean views and square footage of 2,000 is $411,500.00.

a-2. The predicted price of a house with ocean views and square footage of 3,000 is $531,500.00.

b-1. The predicted price (in $1,000s) of a house without ocean views and square footage of 2,000 is $358,900.

b-2. The predicted price of a house without ocean views and square footage of 3,000 is $478,900.00.

c. The correct option is An ocean view increases the value of a house by approximately $52,600.

Step-by-step explanation:

Given:

yˆ = 118.90 + 0.12x + 52.60d ………………. (1)

a-1. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 2,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.)

This implies that we have:

x = 2,000

d = 1

Substituting the values into equation (1), we have:

yˆ = 118.90 + (0.12 * 2000) + (52.60 * 1) = 411.50

Since the predicted price is in $1,000s, we have:

yˆ = 411.50 * $1000

yˆ = $411,500.00

Therefore, the predicted price of a house with ocean views and square footage of 2,000 is $411,500.00.

a-2. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 3,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.)

This implies that we have:

x = 3,000

d = 1

Substituting the values into equation (1), we have:

yˆ = 118.90 + (0.12 * 3,000) + (52.60 * 1) = 531.50

Since the predicted price is in $1,000s, we have:

yˆ = 531.50 * $1000

yˆ = $531,500.00

Therefore, the predicted price of a house with ocean views and square footage of 3,000 is $531,500.00.

b-1. Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 2,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.)

This implies that we have:

x = 2,000

d = 0

Substituting the values into equation (1), we have:

yˆ = 118.90 + (0.12 * 2000) + (52.60 * 0) = 358.90

Since the predicted price is in $1,000s, we have:

yˆ = 358.90 * $1000

yˆ = $358,900.00

Therefore, the predicted price of a house without ocean views and square footage of 2,000 is $358,900.00.

b-2. Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 3,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.)

This implies that we have:

x = 3,000

d = 0

Substituting the values into equation (1), we have:

yˆ = 118.90 + (0.12 * 3,000) + (52.60 * 0) = 478.90

Since the predicted price is in $1,000s, we have:

yˆ = 478.90 * $1000

yˆ = $478,900.00

Therefore, the predicted price of a house without ocean views and square footage of 3,000 is $478,900.00.

c. Discuss the impact of ocean views on the house price.

Since the coefficient of d in equation (1) is 52.60 and positive, and the predicted price is in $1,000s; the correct option is An ocean view increases the value of a house by approximately $52,600.


Related Questions

E= Mc
A. Square

B. Triangle

C. Xircle

D. Subnautica​

Answers

Answer:

a squared

Step-by-step explanation:

an equation solved by Einstein. possibly the most famous equation in the world. energy(E) = mass(M) times the speed of light (C) squared

squared

It is an equation by Albert Einstein.E=mc2

Help please.

A cubic box is 5in. on each side. If each dimension is increased by x in., what is the polynomial function modeling the new volume V?

A. V = x^3 + 10x^2 + 25x
B. V = x^3 + 15x^2 + 75x + 125
C. V = x^3 - 15x^2 + 75x - 125
D. V = -x^3 - 15x^2 + 25x - 125

Answers

Answer:

B think

Step-by-step explanation:

The polynomial function modeling the new volume of a cubic box is 5 inches On each side is x³ + 15x² + 75x + 125, so option B is correct.

What is polynomial?

The only operations used in a polynomial are addition, subtraction, multiplication, and positive-integer powers of the variables. It consists of coefficients and indeterminate, often known as variables.

Given:

A cubic box is 5 inches On each side,

New volume of the cube = x + 5 inches,

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[tex]Volume = side^3[/tex]

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V = x³ + 15x² + 75x + 125

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If the die is rolled 24 times, Find the experimental probability of rolling a 5. Simplify!

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Answer:

gay

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Ur welcome

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Answer:

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Step-by-step explanation:

Hope this was what u want & helped u .

Find an equation of the line with the given slope that passes through the given point. Write the equation in the form Ax + By = C.

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Answers

Answer:

[tex]4x-y=18[/tex]

Step-by-step explanation:

We want to find the equation of a line in standard form with a slope of 4 and passes through the point (6, 6).

First, we can write it in point-slope form. Point-slope form is given by:

[tex]y-y_1=m\left(x-x_1\right)[/tex]

Where (x₁, y₁) is a point and m is the slope.

Substitute:

[tex]y-6=4(x-6)[/tex]

Distribute the right:

[tex]y-6=4x-24[/tex]

Now, we can separate all the variables and the constants. Subtract 4x from both sides:

[tex]-4x+y-6=-24[/tex]

Add add 6 to both sides:

[tex]-4x+y=-18[/tex]

Traditionally, A or the coefficient of x is always positive. Hence, we can divide both sides by -1 to acquire:

[tex]4x-y=18[/tex]

A group of 540 students are required to take a test. Of these,
495 actually take the test, and 45 are absent that day.
(i) Write down the ratio of the number of students who take the test
to the number of students who are absent. Simplify this ratio as far
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(ii) Of the 495 students who take the test, the numbers of students
obtaining grades A, B, C and D are in the ratio 5 : 14 : 10 : 4,
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Answer:

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Answer:

$1,951.03.

Step-by-step explanation:

To determine how much money would you have to invest at 7% compounded semiannually so that the total investment has a value of $ 2,090 after one year, the following mathematical calculation must be performed:

X x (1 + 0.07 / 2) ^ 1x2 = 2,090

X x 1,035 ^ 2 = 2,090

X x 1.071225 = 2,090

X = 2,090 / 1.071225

X = 1,951.03

Thus, $ 1,951.03 must be invested at 7% per annum compounded semiannually to have $ 2,090 in the account after one year.

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Answer:

39 ft²

Step-by-step explanation:

11 ft × 3 ft = 33 ft²

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Answers

Will Smith is the only actor to gross $100 million domestically with eight movies in a row.

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Will Smith has been his adult height since he was 13 years old.

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Will Smith can solve a Rubik’s Cube in 55 seconds.

Will Smith has a passion for chess.

Barack Obama has tipped Will to play him in a hypothetical movie.

Will Smith held the Guinness World Record for most public appearances in 12 hours.

You can spend a night in The Fresh Prince of Bel-Air mansion.

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Answer:

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Answers

Answer:

Justin has enough for admission and 7 rides.

Step-by-step explanation:

26- 15.50 = 10.50

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Step-by-step explanation:

Question: The graph of a second-order polynomial is shown below, and the intercepts with the axes are marked. Explain how you can use the graph to write the polynomial as a product of linear factors (x-a)(x-b). Be sure to state the values of a and b. NEED HELP ASAP​

Answers

Hello!

Here we are given a second-order polynomial, and the root form of the function.

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Answers

Answer:

1.75x?

Step-by-step explanation:

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Answer:

d

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edge 2020

p.s. pls mark brainliest, and have a good day! :)

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Answers

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Simplified (combined) expression:​

Answers

Answer:

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Step-by-step explanation:

Points scored by the football team in quarter 1 = 3p

Score in quarter 2 = (5p + 2)

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Answer:

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please help and also how did u get ur answer
You have started to work for a company that has a benefits package that includes contributions to a retirement account. You plan to put $160 per month into the account. The company will contribute 20%. The account is setup with an APR of 9.0% for 32 years.

What is the total monthly amount put into the account?

Excel gives the amount in your retirement account as $425,570.83 after 32 years.

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Answers

9514 1404 393

Answer:

  $364,130.83

Step-by-step explanation:

You put in $160 monthly for 32 years, so your contribution is ...

  $160×12×32 = $61,440

The difference between the account balance and your contribution is ...

  $425,570.83 -$61,440 = $364,130.83

There is $364,130.83 more in the account than what you put in.

The reciprocal of the sum of the number and 3?

Answers

Answer:

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Will give brainliest if correct.

Answers

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hope this helps and have a wonderful evening

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The answer is E) 6√3.

The altitude of an equilateral triangle is the perpendicular line that is drawn from a vertex to the opposite side. The altitude bisects the opposite side and the angle at the vertex.

In this equilateral triangle, the side length is 6. The altitude bisects the opposite side, so the altitude is also 6. The angle at the vertex is 60 degrees, so the altitude forms a 30-60-90 triangle with the opposite side and the altitude.

The ratio of the side length to the altitude in a 30-60-90 triangle is 1:√3:2. So, the altitude is 6 * √3 = 6√3.

Therefore, the length of the altitude of the equilateral triangle is 6√3.

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Which comparison statement describes the model below 6 6 6 6 24

Answers

^^^ Don’t click on that link it’s a scam

Seven
more than 9 is my denominaton,
One less than my denominator is my numerator. What fraction am I. ​

Answers

Answer:

15/16

Step-by-step explanation:

Seven  more than 9 is my denominator:

[tex]7+9=16[/tex]

One less than my denominator is my numerator :

[tex]16-1=15[/tex]

What fraction am I :

[tex]\frac{15}{16}[/tex]

Answer:

[tex] \frac{15}{16} [/tex]

Step-by-step explanation:

Sorry if wrong :( .

Follow me? FollowBack ^^ .

Seventh grade
On the last day of a Shakespeare class, an English teacher asked her stude
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Answer:

english yes

Step-by-step explanation:

Can you help me please?

Answers

9514 1404 393

Answer:

  13

Step-by-step explanation:

The segments WX and WY are congruent, so ...

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  n = 3 . . . . . . . . . . . .divide by 3

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Answers

Answer:

since y=4

from one of the equations

6x+4y=46

substitute y=4 In the equation

6x+4(4)=46

6x+16=46

6x=46-16

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divide both sides by the co efficient of'x'

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