In Problem 12.9 on page 424, an agent for a real estate company wanted to predict the

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In Problem 12.9 on page 424, an agent for a real estate company wanted to predict the monthly rent for one bedroom apartments, based on the size of the apartment. The data are stored in RentSilverSpring . Use the results of that problem.

a. At the 0.05 level of significance, is there evidence of a linear relationship between the size of the apartment and the monthly rent?

b. Construct a 95% confidence interval estimate of the population slope, β₁.

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Business Statistics A First Course

ISBN: 9780321979018

7th Edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: Jul 16, 2015 09:53 PM

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In Problem 12.9 on page 424, an agent for a real estate company wanted to predict the

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a H 0 1 0 H 1 1 0 Since t STAT b 1 1 S b1 25698 with a pvalue 00134 005 reject H 0 at 5 lev...View the full answer

Business Statistics A First Course

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