House priceyis estimated as a function of the square footage of a housexand a dummy variabledthat equals 1 if the house has ocean views. The estimated house price, measured in $1,000s, is given by y = 116.90 + 0.16x+ 52.20d.

a.Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 1,600.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

b.Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 1,600.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

c.Discuss the impact of ocean views on the house price.