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Suppose that 32 residential home sales in a city are used to fit a least-squares regression line relating the sales price, y, to the square

Suppose that 32 residential home sales in a city are used to fit a least-squares regression line relating the sales price, y, to the square feet of living space, x. The sampled homes range from 1,500 square feet to 4,000 square feet. The resulting prediction equation is

=15,000+300Y=15,000+300SQFT

Which of the following statements is true?

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