Find b0 & b1 :

Question Help An agent for a residential real estate company in a suburb located outside a major city has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward the goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent selects a sample of 8 one-bedroom apartments and the data are shown. Complete parts (a) through (f). Monthly Rent ($) 925 1,600 850 1,450 1,900 975 1,750 1,400 Size (Square Feet) 850 1,200 1,050 1,150 1,800 750 1,250 1,050 a. Construct a scatter plot. Choose the correct graph below. O A. B O c. OD. ARent ($) ARent ($) ARent ($) 2,000- 2,000- ARent ($) 2,000- 2,000- 0-+ 0+ 2,000 0 2,000 0 2,000 2,000 Size (Sq ft) Size (Sq ft) Size (Sq ft) Size (sq ft) b. Use the least-squares method to determine the regression coefficients bo and b1- bo = (Round to one decimal place as needed.)