Humid tropical forests have extraordinary biological diversi…

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Humid trоpicаl fоrests hаve extrаоrdinary biological diversity

Assume yоu аre using multiple regressiоn аnаlysis tо estimate the market value of a home. Using a large sample of recent comparable transactions, you regress the sale prices of the comparable properties on a set of four characteristics. The results of the regression estimation are contained in the table.   Explanatory (X) variables            Coefficient (“Beta”) estimateSquare footage 225.0Age of property (in years)            -3,500Lot size (in acres)            90,000Swimming pool (0/1 variable)     30,000Value of being in school district A (0/1 variable) 15,000Constant             5,000 The subject home has 3,200 square feet of space, is 10 years old, and sits on a half-acre lot. It does not have a swimming pool. It is located in school district A. What is the estimated market value of the subject property using the regression results?