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Mathematics, 27.10.2020 20:30 lexi7752
Strip malls appear to popping up everywhere. The relationship between the actual price of a strip mall and the listing price is modeled in the least-squares regression line Ĉ = 0.2 + 1.011. Both amounts are in hundred-thousands of dollars. Let L represent the listing price and C represent the sales price. Which of the following is the best interpretation of the slope of the regression line?
A)For each hundred-thousand-dollar increase in the listing price, the sales price will increase by $1.01.
B)For each hundred-thousand-dollar increase in the listing price, the sales price will increase by $101,000,
C)For each hundred-thousand-dollar increase in the listing price, the sales price will decrease by $101,000.
D)For each hundred-thousand-dollar increase in the listing price, the sales price is predicted to increase by $1.01.
E)For each hundred-thousand dollar increase in the listing price, the sales price is predicted to increase by $101,000.
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