Interpret b0, how much would the house cost, get an additional 500 square feet. No Excel. Show all formulas.

4. The following regression model has been estimated from a sample size of 42: P, = 52.3510 + 0.13885, + 15.32500, P = home price in 0005 of dollars, S = size of house in square feet, and C = 1 if the house is located in a cul-de-sac, 0 otherwise. Assume all the coefcients are statistically significant. (a) [3 points] How would you interpret b0 [i.e., 52.3510)? (b) [3 points] On average, how much would a house with 2,000 square feet and located in a cul-de-sac cost? [c] [3 points] How much would it cost, on average, to get an additional 500 square feet