Use the equation of the least squares to predict the selling price of a 92-year-old home.
A) $131,820
B) $152,754
C) $155,398
D) $124,227

Name: Use the equation of the least squares to predict the selling price of a 92-year-old home. A) $131,820 B) $152,754 C) $155,398 D) $124,227
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Question

Quizplus · Accepted Answer

Price (in thousands) = 193 - 0.665 Age
 11eeb2d3_8e04_167a_b9aa_b730c23bd872_TBW1049_11 = 193 - 0.665(92) = 131.82
The predicted selling price of a 92-year-old home is $131,820.

Use the Equation of the Least Squares to Predict the Selling