Part 1:

Data for a sample of 30 apartments in a particular neighborhood are provided below. You want to see if there is a direct relationship between Size of the Apartment and Rent.

Using the estimated regression equation found by using Size as the predictor variable, find a point estimate for the average monthly Rent for apartments having 1,000 square feet of space.

Place your answer, rounded to the nearest whole dollar.. When entering your answer do not use any labels, commas or symbols. Simply provide the numerical value. For example, 1234 would be a legitimate entry.

A B Rent Size 950 850 1500 1450 1150 1085 1400 1232 950 718 1700 1485 1550 1136 935 726 875 700 1050 956 1400 1100 ON 1650 1500 1875 1985 1800 1674 1395 1223 1375 1225 CO 1100 1300 CO 1500 1345 1200 1150 1150 896 N 1100 1361 1150 1040 1200 755 800 1000 850 1200 500 650 CO 900 1100 CO 1000 900 1025 1000 900 953