## Question

# The Miami Association of Realtors wants to quantify a linear relationship between the sales price of a downtown condominium and its area. A regression

The Miami Association of Realtors wants to quantify a linear relationship between the sales price of a downtown condominium and its area. A regression analysis on 10 downtown Miami condominiums revealed the following estimated regression equation: 9=5,83 +44.877x where y-sales price in $1000 x-area in 100 square feet What is the predicted sales price of a 1,000 square foot condominium? Reference Equations a. $44,882.83 b. $454.60 OC. $448,828.30 d. $454,600.00

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