Refer to Scenario 2. If the age of a house is 25 years with 1,500 squa

Refer to Scenario 2. If the age of a house is 25 years with 1,500 square feet, what is the estimated market value of the house?

What will be an ideal response?

 

ANSWER

Market Value = 47331.38 – 825.161(25 ) + 40.91107(1,500 ) = $88,068.96

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