1. An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of an apartment, as defined by square footage. The agent selects a sample of 25 apartments in a particular residential neighborhood and gathers the following data: (pic) A. Interpret the meaning of and in this problem. B. Predict the monthly rent for an apartment that has 1,000 square feet.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 66E
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1. An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of an apartment, as defined by square footage. The agent selects a sample of 25 apartments in a particular residential neighborhood and gathers the following data: (pic) A. Interpret the meaning of and in this problem. B. Predict the monthly rent for an apartment that has 1,000 square feet.
Rent
Size (Square Feet)
950
850
1,600
1,450
1,200
1,085
1,232
718
1,500
950
1,700
1,650
1,485
1,136
726
935
875
700
1,150
1,400
956
1,100
1,285
1,650
2,300
1,800
1,985
1,400
1,450
1,100
1,700
1,200
1,369
1,175
1,225
1,245
1,259
1,150
896
1,150
1,600
1,650
1,200
800
1,361
1,040
755
1,000
1,200
1,750
Transcribed Image Text:Rent Size (Square Feet) 950 850 1,600 1,450 1,200 1,085 1,232 718 1,500 950 1,700 1,650 1,485 1,136 726 935 875 700 1,150 1,400 956 1,100 1,285 1,650 2,300 1,800 1,985 1,400 1,450 1,100 1,700 1,200 1,369 1,175 1,225 1,245 1,259 1,150 896 1,150 1,600 1,650 1,200 800 1,361 1,040 755 1,000 1,200 1,750
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