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Twenty three homes that were for sale in Aimes, lowa in 2010 were randomly selected. A regression model to predict house price was run based
Twenty three homes that were for sale in Aimes, lowa in 2010 were randomly selected. A regression model to predict house price was run based on first floor square footage and the indicator variable for fireplace (1 if there was a fireplace, 0 if not). Term Estimate Std. Error Intercept 92,297.3 56,799.18 Fireplaces 16,867.26 1,773.58 firstfloorsquarefootage 89.52 42.4287 Find the predicted house price for a house with 1,267 square feet on the first floor and with a fireplace. Round your answer to two decimal points
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