Question: In the data file called loan50 [https://drive.google.com/file/d/1Y7wMhldMO95MlivariQ_8aYJEGvvdHtv/view], the two variables total_credit_limit and loan_amount are related by the linear regression model: loan_amount = 11037.54 + 0.028989*total_credit_limit

In the data file called loan50 [https://drive.google.com/file/d/1Y7wMhldMO95MlivariQ_8aYJEGvvdHtv/view], the two variables total_credit_limit and loan_amount are related by the linear regression model:

loan_amount = 11037.54 + 0.028989*total_credit_limit

What does this model predict the loan amount will be for an observation that has a total credit limit of $119,325?

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