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The estimated regression model below was fit to predict the selling price of a condominium in Midland,MI (in thousands of dollars)based on a binary predictor
The estimated regression model below was fit to predict the selling price of a condominium in Midland,MI (in thousands of dollars)based on a binary predictor for whether the home has central air conditioning.
y-hat =702++57x
What is the estimated price for a home with central air?
- $702,000
- $57,000
- $759,000
- $645,000
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