what does the slope indicate?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 3TU
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Suppose that in a certain neighborhood, the cost of a home is proportional to the size of the home in square feet. If the regression equation quantifying this relationship is found to be (cost) = 94.872*(size) + 612.216, what does the slope indicate?
 

Question 21 options:

 

1) 

When cost increases by 1 dollar, size increases by 94.872 square feet.
 

2) 

We are not given the dataset, so we cannot make an interpretation.
 

3) 

When size increases by 1 square foot, cost increases by 612.216 dollars.
 

4) 

When cost increases by 1 dollar, size increases by 612.216 square feet.
 

5) 

When size increases by 1 square foot, cost increases by 94.872 dollars.
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