## The least-squares regression line Sˆ=0.5+1.1L models the relationship between the listing price and the actual sales price of 12 houses, wit

Question

The least-squares regression line Sˆ=0.5+1.1L models the relationship between the listing price and the actual sales price of 12 houses, with both amounts given in hundred-thousands of dollars. Let L represent the listing price and S represent the sales price.

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2 weeks 2021-07-18T22:58:40+00:00 2 Answers 2 views 0

For each hundred-thousand-dollar increase in the listing price, the sales price is predicted to increase by $110,000. Step-by-step explanation: The sales price is not predicted to increase by$1.1; it is predicted to increase by $110,000 because S is measured in hundred-thousands of dollars. The sales price will not decrease by$110,000; it is predicted to increase by \$110,000.