An agent for a residential real estate company has the business objective of developing more accurate...

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An agent for a residential real estate company has the businessobjective of developing more accurate estimates of the monthlyrental cost for apartments. Toward that goal, the agent would liketo use the size of an apartment, as defined by square footage, topredict the monthly rental cost. The agent selects a sample 48one-bedroom apartments and collects and stores a data in datasetRentSilverSpring (can be found in both editions of datasets on theBlackboard). 7. At the 0.05 level of significance, is there anevidence of a linear relationship between the size of the apartmentand the monthly rent? 8. Construct a 95% confidence intervalestimate of the population slope. 9. Construct a 95% confidenceinterval estimate of the mean monthly rental for all onebedroomapartments that have 800 square feet in size. 10. Construct a 95%prediction interval of the monthly rental for an individualone-bedroom apartment that is 800 square feet in size

Size (Square feet)Rent ($)
5241110
6161175
6661190
8301410
4501210
5501225
7801480
8151490
10701495
6101680
8351810
6601625
5901469
6751395
7441150
8201140
9121220
6281434
6451519
8401105
8001130
8041250
9501449
8001168
7871224
9601391
7501145
6901093
8401353
8501530
9651650
10601740
6651235
7751550
9601545
8271583
6551575
5351310
6251195
7491200
6341185
6411444
8601385
7401275
5931050
8801650
8951340
6921560

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