Based on the reading, which of the following best describes the real added value of the author's research on residential real estate properties?

Quantifying people's preferences of different transport services.

The research revealed findings that opposed basic perceptions that people hold about the real estate properties.

The research determined that there was no correlation between proximity to shopping centres and housing prices.

Quantifying the magnitude of relationships between housing prices and different determinants.

2.

Question 2

Regression is a statistical technique developed by Sir Frances Galton.

False.

True.

3.

Question 3

What did the author's research discover about the impact of an additional washroom on the price of a housing unit?

The author found that an additional washroom adds more to the housing prices than an additional bedroom.

The author found that an additional washroom did not have any impact on the pricing of a housing unit.

The author found that an additional bedroom adds more to the housing prices than an additional washroom.

The author found that an additional bedroom adds the same to the housing prices than an additional washroom. In other words, any additional room results in an equal increase to the housing prices.

4.

Question 4

The author discovered that,all else being equal, houses located less than 5 kms but more than 2 kms to shopping centres sold for more than the rest.

False.

True.

5.

Question 5

"How much does a finished basement contribute to the price of a housing unit?" is a question that can be put to regression analysis.

False.

True.