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A regression equation that predicts the price of homes in thousands of riyals is y^ =24.6+0.055x1 1.6x2, where x2 is a dummy variable that represents
A regression equation that predicts the price of homes in thousands of riyals is y^ =24.6+0.055x1 1.6x2, where x2 is a dummy variable that represents whether the house in on a busy street or not. Here x2=1 means the house is on a busy street and x2=0 means it is not. Based on this information, which of the following statements is true? On average, homes that are on busy streets are worth 1600 S.R. less than homes that are not on busy streets. On average, homes that are on busy streets are worth 1600 S.R. more than homes that are not on busy streets. On average, homes that are on busy streets are worth
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