Areal estate agent would like to predict the selling price of a single-family house by predicting the price (in thousands of dollars) based on the square footage (in 100 square feet). if the lsrl for the data is ŷ = 3.8785x + 18.3538. predict the price of a 3000 square foot house (in thousands of dollars).

$134.7088 thousand dollars

Step-by-step explanation:

The given equation of Least Squares Regression Line is

where, is predicted selling price of the house (in thousands of dollars) based on the square footage (in 100 square feet).

We need to find the price of a 3000 square foot house (in thousands of dollars).

3000 = 30 × 100

3000 square foot = 30 square footage (in 100 square feet).

Substitute x=30 in the given equation.

Therefore, price of a 3000 square foot house is $134.7088 thousand dollars.

the probability is 0

step-by-step explanation: