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1 - What is the net effect of distance on home price? 2 - Controlling for distance, what impact on price does every 1 ,

1- What is the net effect of distance on home price?
2- Controlling for distance, what impact on price does every 1,000 square feet increase in house size have? Show your work.
3- An Alexandria home 10 miles from the White House sold last month for $450,000. Using the real estate developers formula, what is the expected size of
this Alexandria home? Show your work.
4- A Springfield home under analysis is the same size as the Alexandria home, but it is 5 miles further away from The White House. How much more or less would you expect the price to be for the Springfield home in comparison to the Alexandria home, using the real estate developers regression equation? Show your work.
5- Using the real estate developers regression equation, what is the expected price of a 4,250 square feet home that is 3 miles away from The White House?
Show your work.
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