A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose the model y = Bo +B1X, +B>x2 +e, where x, represents the square footage of the apartment and 1 if located in town center X2 = This linear regression model was fitted to a sample of size 50 to produce the regression equation below. Complete parts a through c. O if not located in town center y = 160 + 1.3x, +300x2 a. Predict the average monthly rent for an apartment located in the town center that has 1,450 square feet. $ 2345 (Simplify your answer.) b. Predict the average monthly rent for an apartment located in the suburbs that has 1,450 square feet. $ (Simplify your answer.)

A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose the model y = Bo +B1X, +B>x2 +e, where x, represents the square footage of the apartment and 1 if located in town center X2 = This linear regression model was fitted to a sample of size 50 to produce the regression equation below. Complete parts a through c. O if not located in town center y = 160 + 1.3x, +300x2 a. Predict the average monthly rent for an apartment located in the town center that has 1,450 square feet. $ 2345 (Simplify your answer.) b. Predict the average monthly rent for an apartment located in the suburbs that has 1,450 square feet. $ (Simplify your answer.)

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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