Question: Please help with question B. A regression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and

Please help with question B.

Please help with question B. A regression analysis of 117 homes for

A regression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and size is in square feet. Price = 4181 + 0.064(Size) a) Explain what the slope of the line says about housing prices and house size. b) What price would you predict for a 33000-squarefoot house in this market? c}A real estate agent shows a potential buyer a 1100squarefoot house, saying that the asking price is $5500 less than what one would expect to pay for a house of this size. What is the asking price, and what is the $5500 called? 3} Explain what the slope of the line says about housing prices and house size. For every $1000 increase in price of a house, the size is predicted to increase by 0.064 square feet. For every additional square foot of area of a house, the price is predicted to increase by $64. For every additional square foot of area of a house, the price is predicted to increase by $0.064. For every $1 increase in price of a house, the size is predicted to increase by 64 square feet. b] What price would you predict for a 3000squarefoot house in this market? $

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