ed on the size of the apartment as defined by square footage. A sample of 25 apartments rent in a particular college rental neighborhood was selected, and the information collected revealed the following (see attached image) Construct a 95% confidence interval estimate of the population slope B1. Don’t forget to interpret the interval. Always declare the meaning of B1 when we test or estimate the slope parameter…use b1 ± t α/2,n-2 (Sb1). Determine a 95% interval estimate for the average ren
An agent for a property management company 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 25 apartments rent in a particular college rental neighborhood was selected, and the information collected revealed the following (see attached image)
Construct a 95% confidence
Determine a 95% interval estimate for the average rent of apartments with 1000 square feet. Determine ŷ1000 and interpret the interval estimate for the average rent completely.
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