The table below² shows the median monthly rent (in January) for a one-bedroom apartment in the Hyde Park neighborhood of Chicago, IL, over eight years: 2021 2022 Median Rent ($) | 1,039 | 1,093 | 1,270 | 1,457 || 1,476 | 1,427 || 1,517 | 1,556 Year 2015 2016 2017 2018 2019 2020 Use the methods discussed in class to find the line, y = b+mx, that best (a) fits the data above. (Feel free to use a calculator to help with multiplying matrices.) Use your answer to part (a) to predict the median monthly rent for a one- (b) bedroom apartment in Hyde Park in January, 2023.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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6. The table below? shows the median monthly rent (in January) for a one-bedroom apartment
in the Hyde Park neighborhood of Chicago, IL, over eight years:
Year
2015
2016
2017
2018
2019
2020
2021
2022
Median Rent ($) | 1,039
1,093| 1,270 || 1,457 | 1,476 | 1,427 | 1,517 1,556
Use the methods discussed in class to find the line, y = b + mx, that best
fits the data above. (Feel free to use a calculator to help with multiplying matrices.)
(b)
bedroom apartment in Hyde Park in January, 2023.
Use your answer to part (a) to predict the median monthly rent for a one-
Transcribed Image Text:6. The table below? shows the median monthly rent (in January) for a one-bedroom apartment in the Hyde Park neighborhood of Chicago, IL, over eight years: Year 2015 2016 2017 2018 2019 2020 2021 2022 Median Rent ($) | 1,039 1,093| 1,270 || 1,457 | 1,476 | 1,427 | 1,517 1,556 Use the methods discussed in class to find the line, y = b + mx, that best fits the data above. (Feel free to use a calculator to help with multiplying matrices.) (b) bedroom apartment in Hyde Park in January, 2023. Use your answer to part (a) to predict the median monthly rent for a one-
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