For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? O $104.300 O $$93,300
For problem #14, what would be the predicted price of a BRICK home of 2000 square feet? O $104.300 O $$93,300
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 25P
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please solve 16 with the information from 14.......
Asap plzzz
![For problem #14, what would be the predicted price of a BRICK home of 2000 square feet?
O $104.300
O $$93,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe65f8e71-b175-4239-9794-4aaf9b09baf7%2Ff68ba44b-71cf-4cc6-b978-a6810312e515%2Fw4xehto_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For problem #14, what would be the predicted price of a BRICK home of 2000 square feet?
O $104.300
O $$93,300
![Question 14
Given that the computer of the relationship is as follows:
MODEL: PRICE = 35.40*SIZE +11000 BRICK +3500 VINYL +3000 STONE
Note: Since STEEL is not in the equation, it is the basis variable.
+6000 WOOD + 22500
What is the average premium that one has to pay to have a brick home over a steel home?
O $35.40
O $11,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe65f8e71-b175-4239-9794-4aaf9b09baf7%2Ff68ba44b-71cf-4cc6-b978-a6810312e515%2Fsp10fc9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 14
Given that the computer of the relationship is as follows:
MODEL: PRICE = 35.40*SIZE +11000 BRICK +3500 VINYL +3000 STONE
Note: Since STEEL is not in the equation, it is the basis variable.
+6000 WOOD + 22500
What is the average premium that one has to pay to have a brick home over a steel home?
O $35.40
O $11,000
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