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An agent for a 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 the apartment, as defined by square footage A sample of eight apartments in a neighborhood was selected, and the information gathered revealed the data shown below. For these data, the regression coefficients are bo 164.8403 and b₁ = 0.9900 Complete parts (a) through (d). Monthly Rent ($) Size (Square Feet) 875 1,550 800 1,450 1,900 900 1,700 1,400 800 1,300 1,050 1,100 1,900 750 1,350 1,100 a. Determine the coefficient of determination, 2, and interpret its meaning (Round to three decimal places as needed.) XXX

An agent for a 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 the apartment, as defined by square footage A sample of eight apartments in a neighborhood was selected, and the information gathered revealed the data shown below. For these data, the regression coefficients are bo 164.8403 and b₁ = 0.9900 Complete parts (a) through (d). Monthly Rent ($) Size (Square Feet) 875 1,550 800 1,450 1,900 900 1,700 1,400 800 1,300 1,050 1,100 1,900 750 1,350 1,100 a. Determine the coefficient of determination, 2, and interpret its meaning (Round to three decimal places as needed.) XXX

MATLAB: An Introduction with Applications
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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An agent for a 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 the apartment, as defined by square footage. A sample of eight apartments in a neighborhood was selected, and the information gathered revealed the data shown below. For these data, the regression coefficients are bo = 164.8403 and b₁ = 0.9900 Complete parts (a) through (d). Monthly Rent (S) Size (Square Feet) 875 1,550 800 1,450 1,900 900 1,700 1,400 800 1,300 1,050 1,100 1,900 750 1,350 1,100 a. Determine the coefficient of determination, 2, and interpret its meaning. (Round to three decimal places as needed.)
Transcribed Image Text:An agent for a 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 the apartment, as defined by square footage. A sample of eight apartments in a neighborhood was selected, and the information gathered revealed the data shown below. For these data, the regression coefficients are bo = 164.8403 and b₁ = 0.9900 Complete parts (a) through (d). Monthly Rent (S) Size (Square Feet) 875 1,550 800 1,450 1,900 900 1,700 1,400 800 1,300 1,050 1,100 1,900 750 1,350 1,100 a. Determine the coefficient of determination, 2, and interpret its meaning. (Round to three decimal places as needed.)
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