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I need help with question B, please help. 72131 Question Help V {I A regression analysis of 1.1? homes for sale produced the following model,

I need help with question B, please help.

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72131 Question Help V {I A regression analysis of 1.1? homes for sale produced the following model, where price is in thousands of dollars and size is in square feet. Price = 4?.81 + 0.061(Size) a) Explain what the slope of the line says about housing prices and house size. b} What price would you predict for a 3000squarefoot house in this market? c)A real estate agent shows a potential buyer a 1200squarefoot 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? 3) Explain what the slope of the line says about housing prices and house size. -:' '2- A. For every $1000 increase in price of a house, the size is predicted to increase by 0.061 square feet. '1:- B. For every $1 increase in price of a house, the size is predicted to increase by 61 square feet. iii-V C. For every additional square foot of area of a house, the price is predicted to increase by $61. -:I 'i- D. For every additional square foot of area of a house, the price is predicted to increase by $0.061. b} What price would you predict for a 3000squarefoot house in this market? $D

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