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Question 8

i Size and Rent Data Size (square feet) Rent ($) 860 1,925 1,450 2,575 1,095 2,225 1,232 2,475 708 1,950 1,485 2,675 1,146 2,675 726 1,935 700 1,900 946 2,150 1,1 10 2,425 1,285 2,675 1,985 3,275 1,359 2,800 1,165 2,425 1,235 2,425 1,255 2,125 1,259 2,700 1, 160 2,225 896 2,150 1,371 2,600 1,050 2,675 755 2,200 990 1,775 1,210 2,775Homework: Module 11 -Simple Linear Regression Save Score: 0 of 1 pt 8 of 33 (29 complete) HW Score: 82.76%, 27.31 of 33 pts Instructor-created question Question Help An agent for a real estate company wanted to predict the monthly rent for apartments based on the size of the apartment. The data for a sample of 25 apartments is available below. Perform a t test for the slope to determine if a significant linear relationship between the size and the rent exists. a. At the 0.05 level of significance, is there evidence of a linear relationship between the size of the apartment and the monthly rent? Click the icon to view the data. a. Determine the hypotheses for the test. Choose the correct answer below. OA. Ho: P1 20 OB. Ho: B1 =0 Hy : P1 =0 Hy : P1 # 0 O C. Ho: B1 so OD. Ho: Bo = 0 Hy : P 1 = 0 Find the test statistic. ISTAT = (Round to two decimal places as needed.) Find the upper critical value. The critical value is (Round to 4 decimal places as needed. What is the p-value? p-value = (Round to three decimal places as needed.) Reach a decision. Ho. There is V evidence to conclude that there is a linear relationship between the size of the apartment and the monthly rent