05 Jun A real estate investor collects the following da
Question
A real estate investor collects the following data on a random sample of apartments onthe east side of Commerce, Texas.
Rent $ size (sq. ft) Rent$ Size
720 1100 650 900
595 1000 748 1060
915 1300 685 750
760 910 755 1070
1000 1310 815 1100
790 960 745 1100
880 1235 715 1100
845 1060 885 1280
a. Determine the equation of the least squares line relating rent to size.
b. Forecast the monthly rent for an apartment with 800 square feet.
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