Question: Janice Carrillo, a Gainesville, Florida, real estate developer, has devised a regression model to help determine residential housing prices in northeastern Florida. The model

Janice Carrillo, a Gainesville, Florida, real estate developer, has devised a regression model to help determine residential housing prices in northeastern Florida. The model was developed using recent sales in a particular neighborhood. The price (Y) 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 0.63. a) Using the above model, the selling price of a house that is 1,760 square feet = $ (enter a whole number).

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