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Using your Slope and Intercept from predicting prices from square feet, what is the predicted price for a house with 2650 sqft? Use American-style decimals without comma separators (e.g. 300000.34), and round your answer to 2 decimal places. Do not include the dollar sign. You do not need to round your answer.

Question

Using your Slope and Intercept from predicting prices from square feet, what is the predicted price for a house with 2650 sqft? Use American-style decimals without comma separators (e.g. 300000.34), and round your answer to 2 decimal places. Do not include the dollar sign. You do not need to round your answer.

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Solution

To predict the price of a house with 2650 sqft, we would use the equation of the line from the regression model, which is:

Price = Intercept + Slope * SquareFeet

However, without knowing the specific values of the intercept and slope from your regression model, I can't calculate the exact predicted price.

Once you have the intercept and slope, you can substitute them into the equation along with 2650 for SquareFeet, and calculate the result. That will give you the predicted price for a house with 2650 sqft, according to your model.

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