Question 8 Needs Grading The following equations describe the median housing price (price) in a community in terms of amount of pollution ( /0X, for nitrous oxide concentration; parts per 100M), the average distance to the center of employment in the area ( dist ), the average number of rooms in houses in the community (rooms), and the average student-to-teacher ratio ( stratio). Eq 1: price, = Bo+ Binox, + e, Eq 2: price, = Bo+ Binox; + Bydist; + Brooms; + Bastratio; + e; Eq 3: In[price]=Bo+ BiIn[nox;]+ 82In[dist,]+ Byrooms, + B4stratio; + e; d. Interpret the estimated coefficient on the student-to-teacher ratio in equation 3. (Hint: Be careful about the units here.)