The regression solved shows that the predicted selling price for a home that is 12 years of age is $443747.
From the complete information, the regression equation is given as:
y = 108597.37 - 580.687 × age + 86.82 × living areas + 31261.9127 × bedroom
Therefore, the predicted selling price will be:
= 108597.37 - 580.687 × 12 + 86.82 × 2500 + 31261.9127 × 4
= $443747
In conclusion, the selling price is $443747.
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