Consider the data below for the Price of a single family home based up its size in square feet, the size of the lot in acres and the number of bedrooms. 3 4 3 Price Sq Ft acres BRS $500,000 1500 0.25 2 $600,000 1,800 0.5 5 $550,000 1,600 0.33 $1,000,000 2,200 3 $650,000 1900 0.75 $450,000 1,200 0.2 2 $425,000 1300 0.25 3 $650,000 1,750 0.5 Using only the size of the home in square feet, determine the "error" between the CER and the 1600 square foot house. 4 Your Answer: Answer Consider the data below for the Price of a single family home based up its size in square feet, the size of the lot in acres and the number of bedrooms. 5 3 0.33 3 Price Sq Ft acres BRS $500,000 1700 0.25 2 $600,000 1,800 0.5 $550,000 1,600 $1,000,000 2,200 $650,000 1700 0.75 $450,000 1,200 0.2 $425,000 1500 0.25 3 $650,000 1,750 0.5 Using only the size of the home in square feet as the basis for the CER, estimate the Price of a 2400 square foot house. 3 2 4 Your