Janice Carrillo, a Gainesville, Florida, real estate developer, has devised a regression model to help determine residential housing price price (M) of the house is based on the size (square footage = X) of the house. The model is; Y = 12,973 + 38.50x The coefficient of correlation for the model is 0.73. a) Using the above model, the selling price of a house that is 1,860 square feet = $ 84583 (ontor a whole number). b) A 1,860-square-foot house recently sold for $97,000, which is different than the predicted value. This is as the forecast help determine residential housing prices in northeastern Florida. The model was developed using recent sales in a particular neighborhood. TF Y = 12,973 + 38.50x. eter a whole number). alue. This is as the forecast represents value. average actual