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dalvyx [7]
3 years ago
5

Note: You may use a calculator to solve the following problems.

Mathematics
1 answer:
Verizon [17]3 years ago
4 0
Use a calculator it will help.
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7 0
3 years ago
A regression equation that predicts the price of homes in thousands of dollars is t = 24.6 + 0.055x1 - 3.6x2, where x2 is a dumm
AveGali [126]

Answer:

a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.

Step-by-step explanation:

For the same home (x1 is the same), x2 = 1 if it is on a busy street and x2 = 0 if it is not on a busy street. If x2 = 1, the value of 't' decreases by 3.6 when compared to the value of 't' for x2=0. Since 't' is given in thousands of dollars, when a home is on a busy street, its value decreases by 3.6 thousand dollars.

t(x1, 0)= 24.6 + 0.055x1\\t(x1, 1) = 24.6 + 0.055x1 - 3.6\\t(x1, 1) = t(x1, 0) - 3.6

Therefore, the answer is a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.

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3 years ago
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-239

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