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 at 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? E Click the icon to view the data a. Determine the hypotheses for the test. Choose the correct answer below. OB. Hại Po=0 O A. Họ: B, 20 H,: B, <0 H;: Bo +0 OC. Họ: B, s0 H,: B, >0 OD. Ho: B, =0 H,: B, #0 Find the test statistic. tSTAT = (Round to two decimal places as needed.) Find the upper critical value. The critical value is O (Round to 4 decimal places as needed. What is the p-value? p-value = (Round three decimal places as needed.) Reach a decision. Ho. There is V evidence to conclude that there is a linear relationship between the size of the apartment and the monthly rent.

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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 at 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?
E Click the icon to view the data.
a. Determine the hypotheses for the test. Choose the correct answer below.
O A. Ho: B, 20
H,: B, <0
O B. Ho: Po =0
H,: Po#0
OC. Ho: B, s0
H,: B, >0
OD. Ho: B, = 0
H;: B, #0
Find the test statistic.
tSTAT = (Round to two decimal places as needed.)
Find the upper critical value.
The critical value is
(Round to 4 decimal places as needed.
What is the p-value?
p-value =
(Round to three decimal places as needed.)
Reach a decision.
V Hn. There is
evidence to conclude that there is
linear relationship between the size of the apartment and the monthly rent.
Transcribed Image Text: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 at 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? E Click the icon to view the data. a. Determine the hypotheses for the test. Choose the correct answer below. O A. Ho: B, 20 H,: B, <0 O B. Ho: Po =0 H,: Po#0 OC. Ho: B, s0 H,: B, >0 OD. Ho: B, = 0 H;: B, #0 Find the test statistic. tSTAT = (Round to two decimal places as needed.) Find the upper critical value. The critical value is (Round to 4 decimal places as needed. What is the p-value? p-value = (Round to three decimal places as needed.) Reach a decision. V Hn. There is evidence to conclude that there is linear relationship between the size of the apartment and the monthly rent.
i Size and Rent Data
Size (square feet)
Rent ($)
1,950
2,600
2,225
2,475
1,925
2,700
2,650
1,935
1,875
2,175
2,425
2,650
3,300
2,825
2,375
2,450
2,075
2,675
2,175
2,175
2,575
2,650
2,200
1,800
2,775
840
1,450
1,095
1,222
728
1,495
1,136
726
690
966
1,110
1,285
1,995
1,359
1,185
1,215
1,235
1,269
1,150
896
1,351
1,050
765
1,010
1,190
Print
Done
Transcribed Image Text:i Size and Rent Data Size (square feet) Rent ($) 1,950 2,600 2,225 2,475 1,925 2,700 2,650 1,935 1,875 2,175 2,425 2,650 3,300 2,825 2,375 2,450 2,075 2,675 2,175 2,175 2,575 2,650 2,200 1,800 2,775 840 1,450 1,095 1,222 728 1,495 1,136 726 690 966 1,110 1,285 1,995 1,359 1,185 1,215 1,235 1,269 1,150 896 1,351 1,050 765 1,010 1,190 Print Done
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