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Excel was used to investigate the relationship between the weekly rent ($) of single bedroom apartments and their distance (km) from the city centre in

Excel was used to investigate the relationship between the weekly rent ($) of single bedroom apartments and their distance (km) from the city centre in a major Australian city. The regression equation from this analysis is stated below:

= 820.15 40.77X

What would be the estimated rent of a single bedroom apartment 5km from the city centre?

Please give your answer correctly rounded to two decimal places and do NOT give units.

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