Answered: 1. An agent for a residential real…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of an apartment, as defined by square footage. The agent selects a sample of 25 apartments in a particular residential neighborhood and gathers the following data: (pic) A. Interpret the meaning of and in this problem. B. Predict the monthly rent for an apartment that has 1,000 square feet.

Rent
Size (Square Feet)
950
850
1,600
1,450
1,200
1,085
1,232
718
1,500
950
1,700
1,650
1,485
1,136
726
935
875
700
1,150
1,400
956
1,100
1,285
1,650
2,300
1,800
1,985
1,400
1,450
1,100
1,700
1,200
1,369
1,175
1,225
1,245
1,259
1,150
896
1,150
1,600
1,650
1,200
800
1,361
1,040
755
1,000
1,200
1,750

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