A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] What price would you predict for a 2,500 square-foot house in this market? O a. $157,282 Ob.$104,680 Oc. $152,500 O d. $200,320
A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] What price would you predict for a 2,500 square-foot house in this market? O a. $157,282 Ob.$104,680 Oc. $152,500 O d. $200,320
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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![A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The
regression model is as follows:
Predicted Price = 47,820 + [ 61 x (Size) ]
What price would you predict for a 2,500 square-foot house in this market?
O a. $157,282
Ob.$104,680
OC. $152,500
O d. $200,320](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe7c0167-e6eb-48f3-879d-3624fa9297a6%2Ff0787cec-be42-4d6c-b652-6c9a06377851%2Fax2vkan_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The
regression model is as follows:
Predicted Price = 47,820 + [ 61 x (Size) ]
What price would you predict for a 2,500 square-foot house in this market?
O a. $157,282
Ob.$104,680
OC. $152,500
O d. $200,320
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