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Price^ = 87.3180 - 19.4(Area)

Price^ = -19.4 + 0.1297(Area)

Area^ = -19.4 + 0.1297(Price)

Price^ = 0.1297 - 19.4(Area)

For each additional square foot of area, the price is predicted to increase by about $0.1297

A house which has 0 square feet is predicted to cost about $0.1297

For each additional square foot, the price of the house is predicted to increase about $12.97.

For each additional square foot of area, the price of the house is predicted to increase 129.70.

The average distance between the price of a house and the mean price of all of the houses is about $87,318.

Predictions of price based on area using this regression model will be off by about $87,318 on average.

The sum of the squared deviations for each house is about $87,318.

There were 87.318 houses in the sample.

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