Mathematics, 10.12.2019 04:31 dondre54
Aregression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and size in square feet. price = 47.87+0.062(size)a) explain what the slope of the line says about housing prices and house sizeb) what price would you predict for a 2500 square foot house in the market? c) a real estate agent shows a potential buyer 1100 square foot house, saying that the asking price is $6000 less than what one would expect to pay for a house of this size. what is the asking price, and what is the $6000 called?
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Aregression analysis of 117 homes for sale produced the following model, where price is in thousands...
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