Question

# A realtor in Blacksburg, Virginia is using regression analysis to build a regression model for predicting...

A realtor in Blacksburg, Virginia is using regression analysis to build a regression model for predicting the selling price of houses sold in the Blacksburg area. The selling Price (in thousands of dollars) and Size (in square feet of heated/cooled floor space) of each house was recorded and the data analyzed in Minitab. Consider the Minitab output below in answering the questions that follow the output.

Regression Equation

Price = 78.4 + 0.10780 Size

a. Name the predictor variable in this problem. (2)

b. Estimate the selling price for a house with 2,500 sq. ft. of heated/cooled floor space in

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