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Variable detinitions: rice =sale price ($); Size = house size ( in square teet); Bedrooms = number of bedrooms; Pool = binary variable ( 1
Variable detinitions: rice =sale price ($); Size = house size ( in square teet); Bedrooms = number of bedrooms; Pool = binary variable ( 1 if house has a swimming pool, 0 otherwise); View = binary variable ( 1 if house has a nice view, 0 otherwise); Condition = binary variable ( 1 if real estate agent reports house is in excellent condition, 0 otherwise). Jsing the results in column (1), what is the expected increase in price of building a 500 -square-foot addition to a house, holding everything else in the model constant? The expected increase in price of building a 500 -square-foot addition to a house is 1% (Express your response as a percentage and round to two decimal places)
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