Mathematics, 14.02.2020 21:22 HernanJe6
A regression analysis was done of residential property values in a portion of a city. The dependent variable is Sale Price (Y) and the independent variable is Square Footage (X). Data for 157 properties were used in the regression. The results are listed below.
Predicted Y = 96,600 + 22.5(X) R-square = .77
What is the predicted value of Sale Price if the property has 2500 square feet?
A. $56,250.00
B. $152,850.00
C. $96,622.50
D. $96,600.00
Answers: 1
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