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An agent for a real estate company in a large city collected data on the sizes ( x in square feet ) and monthly rents
An agent for a real estate company in a large city collected data on the sizes in square feet and monthly rents in dollars of a sample of eight apartments in a neighborhood. The data is shown below, along with the linear regression equation. Complete parts a through below.
:
Size Feet
a Estimate the mean monthly rent for an apartment that has square feet.
The mean monthly rent for such an apartment is approximately $
Round to the nearest cent as needed.
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