A house in a nearby neighborhood has 3 bedrooms and 2000 square feet of living area. Use the following multiple regression model to answer parts a through c below. Price = 19,719.46 - 8593.22Bedrooms + 127.69Living Area a) Find the price that this model estimates. (Round to the nearest dollar as needed.) b) The house just sold for $332,000. Find the residual corresponding to this house. (Round to the nearest dollar as needed.) c) What does that residual say about this transaction? A. The house sold for about $82,700 less than the estimate. B. The house sold for about $166,600 more than the estimate. O C. The house sold for about $82,700 more than the estimate. D. The house sold for about $166,600 less than the estimate.

A house in a nearby neighborhood has 3 bedrooms and 2000 square feet of living area. Use the following multiple regression model to answer parts a through c below. Price = 19,719.46 - 8593.22Bedrooms + 127.69Living Area a) Find the price that this model estimates. (Round to the nearest dollar as needed.) b) The house just sold for $332,000. Find the residual corresponding to this house. (Round to the nearest dollar as needed.) c) What does that residual say about this transaction? A. The house sold for about $82,700 less than the estimate. B. The house sold for about $166,600 more than the estimate. O C. The house sold for about $82,700 more than the estimate. D. The house sold for about $166,600 less than the estimate.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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