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A real estate investor collects the following data on a random sample of apartments on the west side of College Station, Texas.
a. Plot the data as a scatter diagram with Y = rent and X = size.
b. Determine the equation of the fitted line relating rent to size.
c. What is the estimated increase in rent for an additional square foot of space?
d. Forecast the monthly rent for an apartment with 750 square feet. |
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