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A real estate company wants to study the relationship between house sales prices and some important predictors of sales prices. Based on data from recently

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A real estate company wants to study the relationship between house sales prices and some important predictors of sales prices. Based on data from recently sold homes in the area, the variables y= sales price (in thousands of dollars) x = total floor area (in square feet) x7= number of bedrooms x3= distance to nearest high school (in miles) are used in a multiple regression model. The estimated model is y = 112 +0.094x] + 16x2 -7x3- Answer the folowing questions for the interpretation of the coefficient of x, in this model. Holding the other variables fixed, what is the average change in sales price for each additional bedroom in a house? dollars Is this change an increase or a decrease? increase decrease

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