Multiple Choice
A real estate agent developed a model to relate a house's selling price (Y) to the area of floor space (X) and the area of floor space squared (X2) . The multiple regression equation for this model is: Y = 125 - 3X + X2
where: Y = selling price (times $1,000)
X = square feet of floor space (times 100)
What is the selling price of a house with 1,000 square feet? ______
A) $305 000
B) $125 000
C) $300 000
D) $195 000
Correct Answer:
Verified
Correct Answer:
Verified
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