In this example we use the typical sales price of homes in a random sample of US
Question:
In this example we use the typical sales price of homes in a random sample of US counties (recorded with units as $1000 per square foot) to predict the typical rental cost in the county (in units of $ per square foot) . y: The typical Rental Cost in the county (units: $ per square foot). x: The typical sales price of properties in the county (units: $1000 per square foot).
Assume we compare counties A and B. County A has a typical sales price of properties at $122 per square foot higher than county B.
Assume the regression equation is y^=0.5+2.2x. This model would predict theRental cost in county A to be______ $ per square foot higher than the rental cost in county B.
Record your answer with at least 3 decimal places. You should really carefully consider the units for this problem.