An agent for a real estate company in a suburb has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Theagent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent collects data from a sample of 30one-bedroom apartments.a. Construct a 90% confidence interval estimate of the mean monthly rental for all one-bedroom apartments that are 814 square feet in size.OSHYIX = 814 O(Type integers or decimals. Round to two decimal places as needed. Use ascending order.) 1 Apartment Size (sq feet) Rent ($)11032.1.52261811753.66711885.48201415443122255312138.77114768191494106.10561492111061816721211841179413126571636141358914541514673138216157511143171681411331817897122219186401450201964615192120827111522218041125232280912462423939146225247841175262577812382726961139128277511146292870210903029827134931308501514322.6.4.

The data shows the size of an apartment and monthly rental cost.

Answered: An agent for a real estate company in a…

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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