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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 one-bedroom apartments and the data are shown. Complete parts (a) through (f) Monthly Rent 875 1,600 800 1.600 1,900 975 1,800 1,250 Size (Square Feet) 750 1,350 1,050 1,200 1,800 700 1,250 950
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