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An agent for a residential real estate company in a suburb located outside a major city has the business objective of developing more accurate estimates
An agent for a residential real estate company in a suburb located outside a major city has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward the goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent selects a sample of 8 onewbedroom apartments and the data are shown. Complete parts (a) through (f). Monthly Rent (5) 975 1,450 850 1,500 2,000 900 1,825 1,250 El Size (Square Feet) 900 1,300 1,050 1,150 1,900 750 1,300 950 (I) a. Construct a scatter plot. Choose the correct graph below. Size (sq ft)
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