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Use the line to calculate the predicted price for a house that is 1,852 square feet. When submitting the final answer do not include the
Use the line to calculate the predicted price for a house that is 1,852 square feet. When submitting the final answer do not include the commas or dollar sign. Instead, just submit the number. Hint: Plug the value into the equation and calculate OR go to "Regression options" and select "Find predicted value." Then plug in the given size so that the computer can calculate the corresponding price. Statistics: Variable n Mean Std. Dev. Min. Q1 Median Q3 Max. Price 100 126,698 56,357 21,000 86,875 123,750 153,075 338,000 Size 100 1,526 557 370 1,158 1,410 1,760 4,050 Linear Regression Equation: Parameter Estimate Intercept 9,161 Slope (Size) 77.01 Model Summary: Statistic Value Correlation Coefficient r 0.761 Coefficient of Determination r2 58.0% Residual Standard Deviation 36,730
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