High School

A real estate agent made a scatter plot with the size of homes, in square feet, on the x-axis and the homeowner's property taxes on the y-axis. The variables have a strong linear correlation, and the equation for the least squares regression line is [tex]\hat{y} = 0.392x + 638.118[/tex].

Based on the equation, what should the agent expect the property tax to be for a 3,100-square-foot home in the area?

A. $2,464.12
B. $1,215.20
C. $1,853.32
D. $940.80

Answer :

Th answer is $1,853.32

Answer:

Option C. $1853.32

Step-by-step explanation:

A real state agent made a scatter plot with the size of homes, on the x-axis and property taxes on the y-axis.

Linear equation which represents this model is y = 0.392x + 638.118

We have to calculate the property tax for a 3100 square foot home.

We will put x = 3100 foot²in the given equation to calculate the property tax

y = 0.392×(3100) + 638.118

y = 1215.20 + 638.118

y = $1853.32

Therefore, the property tax of a 3100 square foot home will be Option C. $1853.32

Other Questions