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In a regression predicting home selling price with number of bedrooms (x1) and home size in square feet (x2), the prediction equation is: y^ =

  1. In a regression predicting home selling price with number of bedrooms (x1) and home size in square feet (x2), the prediction equation is: y^ = 20986.09 - 7483.10x1 + 93.84x2 (note that the decimal point was missing originally)
    1. Find the predicted price of a 2-bedroom, 1000 square foot home
    2. The home sold for $135,000. Find and interpret the residual for this home.

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