Solved

A Real Estate Agent Developed a Model to Relate a House's

Question 107

Multiple Choice

A real estate agent developed a model to relate a house's selling price (Y) to the area of floor space (X) and the area of floor space squared (X2) . The multiple regression equation for this model is: Y = 125 - 3X + X2
where: Y = selling price (times $1,000)
X = square feet of floor space (times 100)
What is the selling price of a house with 1,500 square feet? ______


A) $305 000
B) $125 000
C) $300 000
D) $1500 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents