Question: A county real estate appraiser wants to develop a statical model to predict the appraised value of houses in a section of the county cated

A county real estate appraiser wants to develop a
A county real estate appraiser wants to develop a statical model to predict the appraised value of houses in a section of the county cated tow One of many opty important predictor of appraised value is the number of rooms in the house. Consequently the appasser decided to fit the simple incarregion model EV100 where y appraised value of the house in thousands of dollars) and number of rooms Using data collected for at se lewe te star 074.80 23 95 x Give a practical interpretation of the estimate of the slope of the least squares line For each additional room in the house, we estimate the appraised value to increase 574 000 For each additional dollar of appraised value, we estimate the number of rooms in the house to increase by 23 95 For each additional room in the house, we estimate the appraised value to increase $23.950 For a house with rooms, we estimate the appraised value to be 574,800 ron ther question will save this response

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