The Terre Haute Association of Realtors conducts a study to examine the association between the size of a home (in square feet) and the price the home sells for (in dollars).a regression model is then created to predict the price based on the size of the home and is given by the following equation:

Price = -43511 +86.3 (size)

a) Interpret the slope and intercept of the model in context using a complete sentence.

b) Predict the selling price of a home with 2000 square feet.

c) Suppose R = .9225Interpret its meaning in context using a complete sentence.

d) Would it be better for a person to experience a positive or negative residual in this context? Please explain in a complete sentence.