Question

In: Statistics and Probability

A recent graduate moving to a new job collected a sample of the monthly rent (in...

A recent graduate moving to a new job collected a sample of the monthly rent (in dollars) and the size (in square feet) of 3-bedroom apartments in one area of a city. Use Excel to find the best fit linear regression equation, where size of the apartment is the explanatory variable. Round the slope and intercept to two decimal places.

Size   Rent
961   "909 "
949   1048
924   "841 "
920   "704 "
902   1131
893   "867 "
888   2532
886   "800 "
876   1030
875   "758 "
864   "930 "
860   1227
851   "931 "
848   1820
845   "711 "
841   1040
838   1373
829   1158
827   3111
815   "733 "
802   "870 "
801   1464
792   "839 "
790   1387
779   2050
748   3275
741   1996
730   1708
727   4031
711   1756

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Calculations are

orchestra answered 2 years ago
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