How would you interpret the coefficient on x3?

A) We would expect to pay approximately $1,000 more for a house that is located 6 miles away from the beach.
B) We would expect to pay approximately $6,040 more for a house that is located an additional mile away from the beach.
C) We would expect to pay, on average, $1,000 less for a house that is located 6 miles away from the beach, given that the number of bedrooms and square footage of living space are held constant.
D) We would expect to pay, on average, $6,040 less for a house that is located an additional mile away from the beach, given that the number of bedrooms and square footage of living space are held constant.

D

Business

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Indicate whether this statement is true or false.

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