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.
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.
Biased most likely means not random in this context. The actual definition is "unfairly prejudiced for or against someone or something"
Answer:
2.3 could, but not -0.25.
Step-by-step explanation:
It is impossible to have any probability larger than 100 or lower than 0. 2.3 is possible bc it's below 100 and above 0.