Answer:
The selling price of house is approximately 270.4264 thousand dollars.
Step-by-step explanation:
We are given the following in the question:
A linear model gives the relation between natural logarithm of price, in thousands of dollars, and size, in 100 square feet.
Let p be the price and s be the size.
We have to approximate the selling price for a house with a size of 3,200 square feet.
Thus, we put s = 32
Thus, the selling price of house is approximately 270.4264 thousand dollars.