If you could provide a brief explanation as to how you derived at your answer, that would help to grasp concept. Thank you

3. A real estate builder wishes to determine how house size (House, measured in square feet) is influenced by family income (Income, measured in dollars) and family size (Size, measured in number of people).The builder randomly selected 50 families and ran the multiple regression. Partial Microsoft Excel output is provided below.Please label each answer section with the corresponding letter.

intercept p-value coefficient

0.0449 -5.5146

income 0.0000 0.0413

size 0.0020 50.5423

a. whatis the linear regression equation based on the excel output?

b. what is the predicted house size for an individual earning an annual income of $40,000 and having a family size of 4?

c. what annual income would an individual with a family size of 5 need to attain a predicted 5,000 square foot home?