a random sample of record of sales of homes from march 1 to

a random sample of record of sales of homes from march 1 to july 1 2010 from the files maintained by the charlots ville bord of realtors are ea gives the price in thousands of dollars and size in square feet of 33 homes, the regretion model is as follows. predicted price = 47.82 + 0.061

what price in dollar would you predict for a 2,500 square foot house in the market.

a. 157,282

b. 200.32

c. 40,200

d. 200,320

Solution

predicted price=47.82+0.061*2500=200.32