document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1150472>Question 1150472</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A real estate analyst has developed a multiple regression line, y = 60 + 0.068 x1  -  2.5 x2, to predict y = the market price of a home (in $1,000s), using independent variables, x1 = the total number of square feet of living space, and x2 = the age of the house in years. The regression coefficient of x1 suggests this: __________.\r<BR>\n" );
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document.write( "A)The addition of 1 square foot area of living space results in a predicted increase of $0.068 in the price of the home for homes of different ages <BR>\n" );
document.write( "B)The addition of 1 square foot area of living space results in a predicted increase of $68.00 in the price of the home with the age of the home allowed to vary <BR>\n" );
document.write( "C)The addition of 1 square foot area of living space results in a predicted increase of $68.00 in the price of the home if the age of the home were held constant <BR>\n" );
document.write( "D)The addition of 1 square foot area of living space results in a predicted increase of $0.068 in the price of the home if the age of the home were held constant \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #772079 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13216)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=772079\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Keeping x2 (the age of the house) constant, the value of y (price of the home) increases by 0.068 thousands of dollars for each increase of 1 square foot of living space.<br><BR>\n" );
document.write( ".068 thousands of dollars is $68.<br><BR>\n" );
document.write( "ANSWER C<br><BR>\n" );
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