Question: You must use Excel for solving all the problems In problem 13.9 on page 501, an agent for real estate company wanted to predict the
You must use Excel for solving all the problems
In problem 13.9 on page 501, an agent for real estate company wanted to predict the monthly rent for one-bedroom apartments, based on the size of the apartment. The data are stored in rentsliverspring. Use the results of that problem.
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?
b. Construct at 95% confidence interval estimate of the population slop b1.
Rentsliverspring data:
| Size (Square feet) | Rent ($) |
| 524 | 1110 |
| 616 | 1175 |
| 666 | 1190 |
| 830 | 1410 |
| 450 | 1210 |
| 550 | 1225 |
| 780 | 1480 |
| 815 | 1490 |
| 1070 | 1495 |
| 610 | 1680 |
| 835 | 1810 |
| 660 | 1625 |
| 590 | 1469 |
| 675 | 1395 |
| 744 | 1150 |
| 820 | 1140 |
| 912 | 1220 |
| 628 | 1434 |
| 645 | 1519 |
| 840 | 1105 |
| 800 | 1130 |
| 804 | 1250 |
| 950 | 1449 |
| 800 | 1168 |
| 787 | 1224 |
| 960 | 1391 |
| 750 | 1145 |
| 690 | 1093 |
| 840 | 1353 |
| 850 | 1530 |
| 965 | 1650 |
| 1060 | 1740 |
| 665 | 1235 |
| 775 | 1550 |
| 960 | 1545 |
| 827 | 1583 |
| 655 | 1575 |
| 535 | 1310 |
| 625 | 1195 |
| 749 | 1200 |
| 634 | 1185 |
| 641 | 1444 |
| 860 | 1385 |
| 740 | 1275 |
| 593 | 1050 |
| 880 | 1650 |
| 895 | 1340 |
| 692 | 1560 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
