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Answer :
To calculate the monthly rent for an apartment with 1,200 square feet using the linear regression formula, we substitute the square footage into the equation 'y = 1.165x + 615.23' to get a rent of $2,013.23.
The student's question relates to the application of a linear regression formula to determine the monthly rent for an apartment.
Given the linear regression formula y = 1.165x + 615.23, with x representing the square footage and y representing the monthly rental price, we can calculate the rent for an apartment that is 1,200 square feet.
To find the monthly rent (y) for an apartment with 1,200 square feet (x), we simply substitute 1,200 into the formula for and perform the arithmetic:
- y = 1.165(1,200) + 615.23
- y = 1398 + 615.23
- y = $2,013.23
Therefore, the monthly rental price for an apartment with 1,200 square feet is $2,013.23.
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