2:32 PM Wed Aug 17 mylab.pearson.com FINAL EXAM MATH&146_STOEBE Anna Stoebe 08/17/2212:32 PM (D This test: 18 pointls) possible @ This question: 1 pointts) possible Sme't teSt E Test: FINAL EXAM Question 15 of 18 A regression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and size is in square feet, Question list '6 le: =47,84 + 0.063(Size) a) Explain what the slope of the line says about housing prices and house size. v ' '''''''' H b) What price would you predict for a 3500-square-foot house in this market? 1:) A real estate agent shows a potential buyer a 1200-square-foot house, saying that the asking price is $6500 less than what one would expect to pay for a house of this size. What is the asking price, and what is the $6500 called? 0 Question 9 O Question 10 Question 11 3) Explain what the slope of the line says about housing prices and house size. Question 12 O A. For every additional square foot of area ofa house, the price is predicted to increase by $63. O B. For every $1000 increase in price of a house, the size is predicted to increase by 0063 square feet. 0 C. For every additional square foot of area of a house, the price is predicted to increase by $0,063. O QueStion 13 O D. For every $1 increase in price of a house, the size is predicted to increase by 63 square feet. b) What price would you predict for a 3500-square-foot house in this market? 0 Question 14 $ c) A real estate agent shows a potential buyer a 1200-square-foot house, saying that the asking price is $6500 less than what one would expect to pay for a house of this size. What is the asking price? $ 0 Question 15 0 Question 16 What is the $6500 called? O A. Intercept O B. Predicted value O C. Slope O D. Residual 0 Question 17 0 Question 18 C) Time Remaining: 02:00:05