Question

A seller has a house that is 1483 square feet. The neighborhood comps show the line of

best fit to be y = 0.071x + 52.48. What is a fair price for this house? Round your answer to
the nearest thousand.

Answer 1

9514 1404 393

Answer:

158,000

Explanation:

Using the given square feet for x in the equation, we have ...

y = 0.071×1483 +52.48 = 157.773

We presume this is supposed to represent the estimated value of the house in thousands.

The fair price is estimated to be 158,000.