Question
A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the
A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y, in $), the number of bedrooms (x1), the number of bathrooms (x2), and its square footage (x3). She estimates the following model asRent=?0+?1Bedroom+?2Bath+?3Sqft+ ?. The following ANOVA table shows a portion of the regression results.
The following table shows a portion of the regression results:
Which of the following would be the rent for a 1,000-square-foot apartment that has two bedrooms and two bathrooms?
Group of answer choices
1,130
840
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