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...

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

e.Predict the selling price of an apartment building with gross annual rents$60,000of  (to 1 decimal).

$  thousands.