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Business, 19.12.2019 19:31 nickname0097

In a multiple regression, the dependent variable is house value (in '000$) and one of the independent variables is a dummy variable, which is defined as 1 if a house has a garage and 0 if not. the coefficient of the dummy variable is found to be 5.4 but the t-test reveals that it is not significant at the 0.05 level. which of the following is true?
the house value remains the same with or without a garage.
a garage increases the house value by $5,400, holding all other independent variables constant.
we need to include other dummy variables.

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