Capital 4616645 22888511Rental Predict the Capital value o

Capital = -461.6645 + 228.88511*Rental

Predict the Capital value of a commercial property that has a rental value of $9.250. Record your answer the nearest dollar. The answer should be in dollars (not thousands of dollars). Predict the Capital value of a commercial property that has a rental value of $17,200. Record your answer to the nearest dollar. The answer should be in dollars (not thousands of dollars).

Solution

Q1) Capital = -461.6645 + 228.88511*Rental = Capital = -461.6645 + 228.88511*(9250)=$2,116,725.603 = $2,116,726

Q2) Capital = -461.6645 + 228.88511*Rental = Capital = -461.6645 + 228.88511*(17200)=$3,936,362.2275=$3,936,362