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Data for a sample of 25 apartments in a particular neighborhood are provided in the worksheet Apartments in the Excel workbook Apartments.xlsx. Using the estimated regression equation found by using size as the predictor variable, find a point estimate for the average monthly rent for apartments having 1,000 square feet of space. Place your answer, rounded to the nearest whole dollar, in the blank.  When entering your answer do not use any labels or symbols. Simply provide the numerical value. For example, 123 would be a legitimate entry.

Rent

Size

950

850

1600

1450

1200

1085

1500

1232

950

718

1700

1485

1650

1136

935

726

875

700

1150

956

1400

1100

1650

1285

2300

1985

1800

1369

1400

1175

1450

1225

1100

1245

1700

1259

1200

1150

1150

896

1600

1361

1650

1040

1200

755

800

1000

1750

1200

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91013395

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