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 $104.300O $$93,300 Question 14Given that the computer of the relationship is as follows:MODEL: PRICE = 35.40*SIZE +11000 BRICK +3500 VINYL +3000 STONENote: Since STEEL is not in the equation, it is the basis variable.+6000 WOOD + 22500What is the average premium that one has to pay to have a brick home over a steel home?O $35.40O $11,000

The relationship is given:- MODEL: PRICE = 35.40×SIZE+11000 BRICK + 3500 VINYL + 3000 STONE + 6000…

Answered: For problem #14, what would be the…

Engineering

Civil Engineering

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 24P

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Question

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

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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