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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 (Y in dollars) of a sample of eight apartments in a neighborhood. The data is shown below. Complete parts (a) through (f) below. MonthlyRent($) 975 1,500 850 1,500 1,900 950 1,750 1,300 I; Size(Square Feet) 850 1,350 950 1,200 2,000 750 1,300 950 :5. Construct a scatter plot. Choose the correct graph below O A. O B. Rent ' Rent ' 2,00 'Q 2,00 'Q' o , 2- 0 2-, o 2.000 L'r o 2.000 L'r Size Size b. Use the least-squares method to nd the regression coefcients b0 and b1. b0 = (Round to one decimal place as needed.) b1 = (Round to three decimal places as needed.) c. What do be and b1 mean in this problem? O A. For each increase of 1 square foot in space, the monthly rent is expected to increase by $b0- Apartments in this neighborhood cost at least $b1 . c. What do b0 and b1 mean in this problem? 0 A. For each increase of 1 square foot in space, the monthly rent is expected to increase by $b0. Apartments in this neighborhood cost at least $b1. O B. For each increase of 1 square foot in space, the monthly rent is expected to increase by $b1. Apartments in this neighborhood cost at least $bo. O C. For each increase of 1 square foot in space, the monthly rent is expected to increase by $b0. Since X cannot be zero, b1 has no practical interpretation. 0 D. For each increase of 1 square foot in space, the monthly rent is expected to increase by $b1. Since X cannot be zero, be has no practical interpretation. d. Predict the mean monthly rent for an apartment that has 1,000 square feet. The mean monthly rent for such an apartment is approximately $ (Round to the nearest cent as needed.) 0. Why would it not be appropriate to use the model to predict the monthly rent for apartments that have 500 square feet? Choose the correct answer below. 0 A. The model predicts that the monthly rent for an apartment that has 500 square feet would be $771.20, which is unrealistically low. Q B. An apartment with 500 square feet is outside the relevant range for the independent variable. 0 c. The correlation between an apartment's size and its monthly rent is too weak to use this model for such a prediction. f. Two people are considering signing a lease for an apartment in this neighborhood. They are trying to decide between two apartments, one with 1,000 square feet for a monthly rent of $1 .275 and the other with 1,200 square feet for a monthly rent of $1 ,425. Based on (a) through (d), which apartment is a better deal? Based on (a) through (d), the apartment with 1' square feet is the better deal