Answer:
$255,331
Step-by-step explanation:
Calculation for the estimated price
ln (price) =11.65 +0.000473*square foot
Square feet =1,692
First step is to find the ln (price)
ln (price) =11.65 +0.000473*1,692
ln (price)=12.450316
Last step is to calculate the Estimated price by using calculator to find the exponential of 12.450316
Estimated price=e^(12.450316)
Estimated price=$255,330.99
Estimated price=$255,331 Approximately
Therefore the estimated price of a house that is 1,692 square feet will be $255,331
