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Unformatted text preview: = = < 0.0036 0.037   0.09730 1.96. t Note that this coefficient measures the effect of an additional bedroom holding the size of the house constant. (e)The quadratic term ln( Size ) 2 is not important. The coefficient estimate is not statistically significant at a 5% significance level: = = < 0.0078 0.14   0.05571 1.96. t (f) The house price is expected to increase by 7.1% ( = 100% 0.071 1) when a swimming pool is added to a house without a view and other factors are held constant. The house price is expected to increase by 7.32% ( = 100% (0.071 1 + 0.0022 1) ) when a swimming pool is added to a house with a view and other factors are held constant. The difference in the expected percentage change in price is 0.22%. The difference is not statistically significant at a 5% significance level: = = < 0.0022 0.10   0.022 1.96. t...
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This note was uploaded on 02/15/2010 for the course REGRESSION IRAS10 taught by Professor Unknown during the Spring '10 term at Rutgers.
 Spring '10
 Unknown

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