please answer with explanation using Microsoft word and copyingand pasting the answer here so i can easily copy and paste on myword document. thank you
9) A researcher has developed the following regression equationto predict the prices of luxurious Oceanside condominium units, =40 + 0.15Size + 50View, where Price is the price of a unit (in$1,000s), Size is the square footage (in sq. feet), and View is adummy variable taking on 1 for an ocean view unit and 0 for a bayview unit. Which of the following is the difference in predictedprices of the ocean view and bay view units with the same squarefootage? A) $315,000 B) $50,000 C) $265,000 D) $40,000
19) Consider the regression equation = b0 + b1xd with b1 > 0and a dummy variable d. If d changes from 0 to 1, which of thefollowing is true? A) The intercept increases by b0 + b1. B) Theintercept increases by b1. C) The slope increases by b0 + b1. D)The slope increases by b1.
