An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for a sample of 25 apartments is available below. Perform a t test for the slope to determine if a significant linear relationship between the size and the rent exists. a. At the 0.05 level of significance, is there evidence of a linear relationship between the size of the apartment and the monthly rent? b. Construct a 95% confidence interval estimate of the population slope, ₁. Click the icon to view the data. a. Determine the hypotheses for the test. Choose the correct answer below. OA. H₂ P=0 H₁: ₂ #0 OC. H₂ B₂ 20 H₁: B₁ <0 Find the test statistic. ISTAT (Round to two decimal places as needed.) OB. Ho B, 50 H₁: B₁ >0 D. H₂: B₁ = 0 H₁: B, #0 Size and Rent Data Size (square feet) 840 1,440 1,095 1,232 728 1,475 1,126 726 710 956 1,110 1,275 1,975 1,369 1,165 1,215 1,235 1,269 1,160 896 1,361 1,050 745 1,000 1,190 Print Rent (5) 1,975 2,575 2,200 2,500 1,975 2,675 2,625 1,945 1,900 2,175 2,425 2,625 3,325 2,825 2,425 2,475 2,100 2,675 2,200 2,175 2,575 2,675 2,175 1,800 2,775 Done - X
An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for a sample of 25 apartments is available below. Perform a t test for the slope to determine if a significant linear relationship between the size and the rent exists. a. At the 0.05 level of significance, is there evidence of a linear relationship between the size of the apartment and the monthly rent? b. Construct a 95% confidence interval estimate of the population slope, ₁. Click the icon to view the data. a. Determine the hypotheses for the test. Choose the correct answer below. OA. H₂ P=0 H₁: ₂ #0 OC. H₂ B₂ 20 H₁: B₁ <0 Find the test statistic. ISTAT (Round to two decimal places as needed.) OB. Ho B, 50 H₁: B₁ >0 D. H₂: B₁ = 0 H₁: B, #0 Size and Rent Data Size (square feet) 840 1,440 1,095 1,232 728 1,475 1,126 726 710 956 1,110 1,275 1,975 1,369 1,165 1,215 1,235 1,269 1,160 896 1,361 1,050 745 1,000 1,190 Print Rent (5) 1,975 2,575 2,200 2,500 1,975 2,675 2,625 1,945 1,900 2,175 2,425 2,625 3,325 2,825 2,425 2,475 2,100 2,675 2,200 2,175 2,575 2,675 2,175 1,800 2,775 Done - X
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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A. Find the TSTAT
B. Find the p-value
C. Construct a 95% confidence
Expert Solution
Step 1: State the problem
It is required to obtain the t-statistic, p-value, and the 95% confidence interval estimate of the population slope.
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