Question

A realtor in Arlington, Massachusetts, is analyzing the relationship between the sale price of a home (Price in $), its square footage (Sqft), the number of bedrooms (Beds), and the number of bathrooms (Baths). She collects data on 36 sales in Arlington in the first quarter of 2009 for the analysis. A portion of the data is shown in the accompanying table.

Price	Sqft	Beds	Baths
672000	2214	4	2.0
758769	2308	5	1.0
831833	2800	4	3.0
689000	2200	3	2.5
685000	2716	3	3.5
645000	2524	3	2.0
625000	2732	4	2.5
620000	2436	4	3.5
783333	2800	4	2.0
585000	1947	3	1.5
583000	2224	3	2.5
379333	2175	3	1.0
546000	1792	3	2.0
780000	2149	4	2.5
732273	3964	4	3.5
344000	1301	3	1.0
511000	1752	3	1.5
714000	2418	4	3.0
693000	2369	4	3.0
648200	2400	4	3.0
639800	2310	4	3.0
451000	1685	3	2.0
628333	2167	4	2.5
431700	1896	2	1.5
414000	1182	2	1.5
602250	1728	4	2.0
478800	1660	4	2.0
380000	1344	4	2.0
475000	1590	3	2.0
375900	2275	5	1.0
372000	1005	2	1.0
459375	1590	3	2.0
356500	1431	2	2.0
412500	1703	3	2.0
412500	1831	3	2.0
307500	850	1	1.0

a. Estimate the model Price =  β₀ + β₁Sqft + β₂Beds + β₃Baths + ε. (Round Coefficients to 2 decimal places.)

Intercept. Coefficients for each?

Sqft

Beds

Baths

b. Predict the price of a 2,112 square-foot home with two bedrooms and one bathrooms. (Round coefficient estimates to at least 4 decimal places and final answer to the nearest whole number.)

$___?

Answer 1