A simple random sample of beachfront condo listings in Myrtle Beach comparing weekly rent (S) and size (square feet) yileds the following computer output. 1800 150 1500 75- 1200- 0- 900- -75 600 1000 1250 1500 1750 2000 900 1200 1S00 2000 Predicted Rent Size Variable Conatant Size . - 102.4 R-squ - 94.78 R-equ(adj) = 94.0% Coef -311.341 1.07707 s.e. Coef 117.6 0.09047 -2.65 11.9 0.0294 0.0001 Is a linear model appropriate for these data? Explain. b) What is the equation for the least squares regression line? Define the varaibles within your equation. c) Interpret the slope of the regression line. Interpret r in context.

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