House prices are subject to a variety of economic factors but are, to some extent, based on the living area of the house. Analysts examined the recent sales of 1000 homes and found the correlation to be 0.79. After examining a scatterplot, they decide a linear model is appropriate and fit a regression model to predict House Price ($) from Living Area (sq. ft.).
c) What would you predict about the Price of a house that is two standard deviations larger in Living Area than the mean?
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