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An agent for a real estate company in a large city collected data on the sizes​...

An agent for a real estate company in a large city collected data on the sizes​ (X in square​ feet) and monthly rents​ (Y in​ dollars) of a sample of eight apartments in a neighborhood. The data is shown below.

Monthly Rent ($) Size (Square Feet)
925 800
1550 1300
800 900
1450 1200
1900 2000
925 650
1750 1350
1300 950

A) Use the least-square method to find the regression coefficients b0 and b1

B) What do b0 and b1 mean in this problem?

C) Predict the mean monthly rent for an apartment that has 1,000 square feet

Math   Statistics-And-Probability   
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