A regression performed to predict selling price of houses found the equationPrice=169,328+35.3Area+0.718Lotsize6543Agewhere Price is in dollars, Area is in square feet, Lotsize is in square feet, and Age is in years. The

R2

is 92%. For each of the following interpretations, determine whether the interpretation is correct or incorrect, and if necessary, explain why it is incorrect.

b) Every extra square foot of Area is associated with an additional $35.30 in average price, for houses with a given Lotsize and Age.Choose the correct answer below.

A.

This interpretation is incorrect because it does not take into account all predictors.

B.

This interpretation is correct.

C.

This interpretation is incorrect because it attempts to use a response variable to predict a predictor.

D.

This interpretation is incorrect because it does not take into account the value of

R2.