The multiple regression model represents pricing for residential housing in a certain market. Predicted Price = 19,856.56 + 6985.25 bedrooms + 87.53 square foot. A house in the local market has 4 bedrooms and 2500 square feet of living area. Use the multiple regression model to determine the predicted price
$266,623
RATIONALE: Predicted Price ? = 19,856.56 + 6985.25 bedrooms + 87.53 square foot = 19,856.56 + 6985.25(4) + 87.53(2500) = 266,622.56.
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