The commercial division of a real estate firm is conducting a regression analysis of the relationship between X , annual gross rents (in thousands of dollars), and y , selling price (in thousands of dollars) for apartment buildings. Data were collected on several properties recently sold and the following computer output was obtained.


Predictor  Coef  SE Coef  T 
Constant  20.000  3.2213  6.21 
X  
Analysis of Variance  
SOURCE  DF  SS  
Regression  1  41,587.4  
Residual Error  7  
Total  8  51,984.2 
e. Predict the selling price of an apartment building with gross annual rents $60,000 of (to 1 decimal).
$ thousands.
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