d. Predict the mean monthly rent for an apartment that has 1,000 square feet. The predicted mean monthly rent for such an apartment is $ 1,156.34`. (Round to the nearest cent as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter1: Expressions And Functions
Section1.5: Descriptive Modeling And Accuracy
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How can I calculate part D using excel?

d. Predict the mean monthly rent for an apartment that has 1,000 square feet.
The predicted mean monthly rent for such an apartment is $ 1,156.34.
(Round to the nearest cent as needed.)
Transcribed Image Text:d. Predict the mean monthly rent for an apartment that has 1,000 square feet. The predicted mean monthly rent for such an apartment is $ 1,156.34. (Round to the nearest cent as needed.)
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 (f).
Monthly Rent ($)
Size (Square Feet)
875
1,450
800
1,500 1,950
950
1,700 1,300
900
1,300 1,050 1,250 1,900
650
1,350
950
Transcribed Image Text:An agent for a residential real estate company in a suburb located outside a major city has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward the goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent selects a sample of 8 one-bedroom apartments and the data are shown. Complete parts (a) through (f). Monthly Rent ($) Size (Square Feet) 875 1,450 800 1,500 1,950 950 1,700 1,300 900 1,300 1,050 1,250 1,900 650 1,350 950
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