Data for a sample of 25 apartments in a particular neighborhood are provided in the worksheet Apartments in the Excel workbook Apartments.xlsx. Using the estimated regression equation found by using size as the predictor variable, find a point estimate for the average monthly rent for apartments having 1,000 square feet of space. Place your answer, rounded to the nearest whole dollar, in the blank. When entering your answer do not use any labels or symbols. Simply provide the numerical value. For example, 123 would be a legitimate entry.
|
Rent
|
Size
|
|
950
|
850
|
|
1600
|
1450
|
|
1200
|
1085
|
|
1500
|
1232
|
|
950
|
718
|
|
1700
|
1485
|
|
1650
|
1136
|
|
935
|
726
|
|
875
|
700
|
|
1150
|
956
|
|
1400
|
1100
|
|
1650
|
1285
|
|
2300
|
1985
|
|
1800
|
1369
|
|
1400
|
1175
|
|
1450
|
1225
|
|
1100
|
1245
|
|
1700
|
1259
|
|
1200
|
1150
|
|
1150
|
896
|
|
1600
|
1361
|
|
1650
|
1040
|
|
1200
|
755
|
|
800
|
1000
|
|
1750
|
1200
|