Question

The square footage and monthly rental of 10 similar one-bedroom apartments yield the linear regression

Answer 1

The footage of the room with a rental price of $1500 is 709 square foot

Linear equation

A linear equation is given by:

• y = mx + b

where m is the rate of change, b is the initial value of y, y, x are variables.

Let y represent the monthly rental price and x represent the square footage. Given the equation:

y = 0.7752x + 950.25

For a rent of $1500:

1500 = 0.7752x + 950.25

• x = 709 square foot.

The footage of the room with a rental price of $1500 is 709 square foot

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