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A real estate agent wants to study the relationship between the size of an apartment and its...

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Basic Math

A real estate agentwants to study the relationship between the size of an apartmentand its monthly rent price. The table below presents the size insquare feet and the monthly rent in dollars, for a sample ofapartments in a suburban neighborhood.

Rent ($)7205959157601000790880845650748685755815745715885
Size (Square Feet)10009001200810121086011359608009606509701000100010001180

Calculate thecorrelation between these two variables.

If a linear regressionmodel were fit, what is the value of the slope and the value of they-intercept?

In a test for theslope of the regression line being equal to zero versus thetwo-sided alternate, what is the value of the test statistic andthe p-value?

Answer & Explanation Solved by verified expert
3.8 Ratings (568 Votes)
Size XRent YX    See Answer
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