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Mathematics, 12.11.2019 22:31 hannahliebl2000
Areal estate agent wants to predict the selling price of single-family homes from the size of each house. a scatter plot created from a sample of houses shows an exponential relationship between price, in thousands of dollars, and size, in 100 square feet. to create a linear model, the natural logarithm of price was taken and the least-squares regression line was given as ln(priceˆ)=2.08+0.11(size). based on the model, which of the following is closest to the predicted selling price for a house with a size of 3,200 square fee
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