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3 Exercise 17-5 Static House price y is estimated as a function of the square footage of a house x and a dummy variable d

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3 Exercise 17-5 Static House price y is estimated as a function of the square footage of a house x and a dummy variable d that equals 1 if the house has ocean views. The estimated house price, measured in $1000s, is given by = 118.90 +012x + 52.60d. 6-1. Compute the predicted price in $1,000s) of a house with ocean views and square footage of 2.000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) Preacted price 41150 1-2. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 3.000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) Predicted price b.1. Compute the predicted price in $1.000s) of a house without ocean views and square footage of 2000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal places.) Predicted price

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