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A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose
A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose the model y = Bo + B1X1 + B2x2 + 8, where x, represents the square footage of the apartment and x2 = 1 if located in town center 0 if not located in town center . This linear regression model was fitted to a sample of size 50 to produce the regression equation below. Complete parts a through c. y = 155 + 1.4x1 + 300x2 a. Predict the average monthly rent for an apartment located in the town center that has 1,600 square feet. $(Simplify your answer.)
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