Question
kn agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for
kn 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?b. Construct a 95% confidence interval estimate of the population slope, beta1.
Size_(sq._ft) Rent_($)
840 1925
1450 2650
1075 2175
1222 2525
728 1975
1475 2700
1136 2675
736 1935
690 1850
956 2150
1110 2400
1295 2650
1985 3300
1359 2775
1185 2425
1215 2450
1235 2100
1249 2725
1140 2225
886 2175
1371 2600
1030 2675
745 2225
990 1800
1210 2775
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