A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose the model y = Bo +B1X, +B>x2 +e, where x, represents the square footage of the apartment and 1 if located in town center X2 = This linear regression model was fitted to a sample of size 50 to produce the regression equation below. Complete parts a through c. O if not located in town center y = 160 + 1.3x, +300x2 a. Predict the average monthly rent for an apartment located in the town center that has 1,450 square feet. $ 2345 (Simplify your answer.) b. Predict the average monthly rent for an apartment located in the suburbs that has 1,450 square feet. $ (Simplify your answer.)

A real estate agent wishes to estimate the monthly rental for apartments based on the size (square feet) and location of the apartments. She chose the model y = Bo +B1X, +B>x2 +e, where x, represents the square footage of the apartment and 1 if located in town center X2 = This linear regression model was fitted to a sample of size 50 to produce the regression equation below. Complete parts a through c. O if not located in town center y = 160 + 1.3x, +300x2 a. Predict the average monthly rent for an apartment located in the town center that has 1,450 square feet. $ 2345 (Simplify your answer.) b. Predict the average monthly rent for an apartment located in the suburbs that has 1,450 square feet. $ (Simplify your answer.)

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...

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