A realtor in Arlington, Massachusetts, is analyzing the relationship between the sale price of a home (Price in $), its square footage (Sqft), the number of bedrooms (Beds), and the number of bathrooms (Baths) She collects data on 36 sales in Arlington in the first quarter of 2009 for the analysis A portion of the data is shown in the accompanying table Price Sqft Beds Baths 560,000 1,845 3 2 0 632,308 1,923 3 2 0 307,500 850 1 1 0 Click here for the Excel Data File a Estimate the model Price 0 1 Sqft 2 Beds 3 Baths (Round Coefficients to 2 decimal places ) b 1 Interpret the coefficient of sqft multiple choice 1 For every additional square foot, the predicted price of a home increases by $123 11 For every additional square foot, the predicted price of a home increases by $123 11, holding number of bedrooms and bathrooms constant For every additional square foot, the predicted price of a home increases by $123 11, holding square foot, number of bedrooms and bathrooms constant b 2 Interpret the coefficient of beds multiple choice 2 For every additional bedroom, the predicted price of a home increases by $28,115 32 For every additional bedroom, the predicted price of a home increases by $28,115 32, holding square footage and number of baths constant For every additional bedroom, the predicted price of a home increases by $28,115 32, holding square foot, number of bedrooms and bathrooms constant b 3 Interpret the coefficient of baths multiple choice 3 For every additional bathroom, the predicted price of a home increases by $69,668 67 For every additional bathroom, the predicted price of a home increases by $69,668 67, holding square footage and number of bedrooms constant For every additional bathroom, the predicted price of a home increases by $69,668 67, holding square foot, number of bedrooms and bathrooms constant c Predict thePricePrice of a 2,191 square foot home with four bedrooms and three bathrooms (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number )

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A realtor in Arlington, Massachusetts, is analyzing the relationship between the sale price of a home (Price in $), its square footage (Sqft), the number

A realtor in Arlington, Massachusetts, is analyzing the relationship between the sale price of a home (Price in $), its square footage (Sqft), the number of bedrooms (Beds), and the number of bathrooms (Baths). She collects data on 36 sales in Arlington in the first quarter of 2009 for the analysis. A portion of the data is shown in the accompanying table.

Price	Sqft	Beds	Baths
560,000	1,845	3	2.0
632,308	1,923	3	2.0

307,500	850	1	1.0

Click here for the Excel Data File

a.Estimate the model: Price =₀+₁Sqft +₂Beds +₃Baths +.(Round Coefficients to 2 decimal places.)

b-1.Interpret the coefficient of sqft.

multiple choice 1

For every additional square foot, the predicted price of a home increases by $123.11.
For every additional square foot, the predicted price of a home increases by $123.11, holding number of bedrooms and bathrooms constant.
For every additional square foot, the predicted price of a home increases by $123.11, holding square foot, number of bedrooms and bathrooms constant.

b-2.Interpret the coefficient of beds. multiple choice 2

For every additional bedroom, the predicted price of a home increases by $28,115.32.
For every additional bedroom, the predicted price of a home increases by $28,115.32, holding square footage and number of baths constant.
For every additional bedroom, the predicted price of a home increases by $28,115.32, holding square foot, number of bedrooms and bathrooms constant.

b-3.Interpret the coefficient of baths. multiple choice 3

For every additional bathroom, the predicted price of a home increases by $69,668.67.
For every additional bathroom, the predicted price of a home increases by $69,668.67, holding square footage and number of bedrooms constant.
For every additional bathroom, the predicted price of a home increases by $69,668.67, holding square foot, number of bedrooms and bathrooms constant.

c.Predict thePricePrice^of a 2,191 square-foot home with four bedrooms and three bathrooms.(Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.)