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pls help!! An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The
pls help!!
An 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 at 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, B. Click the icon to view the data. a. Determine the hypotheses for the test. Choose the correct answer below. OA Ho: Po=0 H: Po+0 c. Ho: P = 0 HA B, 0 OB HB, 50 H, B,>0 OD. Ho B,20 H: BC0 Find the test statistic Istat =(Round to two decimal places as needed.) X Do Homework As * W Analytical Compare * + mylab.pearson.com/Student/PlayerHomework aspx?homewarkid-61732 STAT THRY ECON & BUS: 16554 utan HW Score: 46.196, ize and Rent Data Size (square feet) 850 1.450 1,085 1,232 718 1.475 1.126 726 700 956 1.090 1.295 1.095 1,350 1.185 1.235 1.235 1.269 1.140 886 1371 1,040 765 Rent (5) 1,925 2,650 2,225 2,475 1.925 2,700 2.625 1.935 1875 2.175 2.375 2.650 3.300 2.775 2.400 2.425 2.125 2.725 2.175 2.175 2.600 2.650 2.200 Print Done esc c no Rent Data 1,460 1,085 1,232 718 1,475 1,126 726 700 956 1,090 1,295 1,995 1,359 1,185 1,235 1,235 1,259 1,140 886 1,371 1,040 765 1,000 1,190 2,650 2,225 2,475 1,925 2,700 2,625 1,935 1,875 2,175 2,375 2,650 3,300 2,775 2,400 2,425 2,125 2,725 2,175 2,175 2,600 2,650 2,200 1,800 2,750 Step by Step Solution
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