Homework Answers
A) From test statistics we get pvalue is 0.00001= 0(rounded) <0.05 hence reject null hypothesis.Hence we conclude that there is linear relationship between size of the apartment and monthly rent.
B) Here data is not given or not a sufficient information for finding 95% C.I. for slope.
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developing more accurate estimates of the monthly rental cost for
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An agent for a residential real estate company in a suburb
located outside a major city has the business objective of
developing more accurate estimates of the monthly rental cost for
apartments. Toward the goal, the agent would like to use the size
of an apartment, as defined by square footage to predict the
monthly rental cost. The agent selects a sample of 8 one-bedroom
apartments and the data are shown. Complete parts (a) through
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mathxl.com An Agent For...
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