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An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for

An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for a sample of 25 apartments is available below. Perform a t test for the slope to determine if a significant linear relationship between the size and the rent exists.

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?

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or- i Size and Rent Data - X esti ra re e of 2 ap e size arr 05 ley Size (square feet) | Rent ($) the ic 850 1,950 an 1,460 2,650 1,085 2,200 e the 1,222 2,525 708 1,975 Bo= 1,475 2,675 Bot 1, 136 2,625 726 1,945 Bys 690 1,875 946 2, 125 1, 1 10 2,375 1,295 2,650 st sta 1,975 3,325 1,379 2,775 (Rour 1, 185 2,425 1,225 2,450 per c 1,235 2,075 1,259 2,700 value 1,150 2,200 886 2, 175 p-va 1,361 2,600 1,030 2,625 (R 755 2,200 1,000 1,825 ecisio 1,210 2,750 Print size nthly DoneAn agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for a sample of 25 apartments is available below. Perform a t test for the slope to determine if a signicant linear relationship between the size and the rent exists. a. At the 0.05 level of signicance. is there evidence of a linear relationship between the size of the apartment and the monthly rent? :] Click the icon to view the data. 3. Determine the hypotheses for the test. Choose the correct answer below. OA. H0:|30=0 OB. H0:120 H1:0#0 H1:1D H1:B10 Find the test statistic. term: |:| (Round to two decimal places as needed.) Find the upper critical value. The critical value is D (Round to 4 decimal places as needed. What is the p-value? p-value = D (Round to three decimal places as needed.) Reach a decision. |:| H0. There is I: evidence to conclude that there is a linear relationship between the size of the apartment and the monthly rent

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