A regression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and size is in square feet. ModifyingAbove Price with caretequals47.82plus0.064 (Size) a) Explain what the slope of the line says about housing prices and house size. b) What price would you predict for a 2500 -square-foot house in this market? c) A real estate agent shows a potential buyer a 1100 -square-foot house, saying that the asking price is $5500 less than what one would expect to pay for a house of this size. What is the asking price, and what is the $5500 called?
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