Answer :
Sure! Let's solve this problem step-by-step.
We are given a linear regression formula for determining the monthly rental price, [tex]\( y = 1.3485x + 840.51 \)[/tex], where [tex]\( x \)[/tex] is the square footage of the apartment.
### Part (a)
We need to find the monthly rent for an apartment with 1,200 square feet.
1. Substitute the square footage into the formula:
[tex]\[
y = 1.3485 \times 1200 + 840.51
\][/tex]
2. Calculate:
[tex]\[
y = 1618.2 + 840.51 = 2458.71
\][/tex]
3. Round the result to the nearest whole number:
[tex]\[
y \approx 2459
\][/tex]
So, the monthly rent for an apartment with 1,200 square feet is approximately [tex]\(\$2459\)[/tex].
### Part (b)
We need to find the square footage of an apartment with a monthly rent of [tex]\(\$1,900\)[/tex].
1. Set the equation for [tex]\( y \)[/tex] to 1900 and solve for [tex]\( x \)[/tex]:
[tex]\[
1900 = 1.3485x + 840.51
\][/tex]
2. Subtract 840.51 from both sides:
[tex]\[
1059.49 = 1.3485x
\][/tex]
3. Divide by 1.3485 to solve for [tex]\( x \)[/tex]:
[tex]\[
x = \frac{1059.49}{1.3485} \approx 785.8
\][/tex]
4. Round the result to the nearest whole number:
[tex]\[
x \approx 786
\][/tex]
So, the square footage of an apartment with a monthly rent of [tex]\(\$1,900\)[/tex] is approximately 786 square feet.
We are given a linear regression formula for determining the monthly rental price, [tex]\( y = 1.3485x + 840.51 \)[/tex], where [tex]\( x \)[/tex] is the square footage of the apartment.
### Part (a)
We need to find the monthly rent for an apartment with 1,200 square feet.
1. Substitute the square footage into the formula:
[tex]\[
y = 1.3485 \times 1200 + 840.51
\][/tex]
2. Calculate:
[tex]\[
y = 1618.2 + 840.51 = 2458.71
\][/tex]
3. Round the result to the nearest whole number:
[tex]\[
y \approx 2459
\][/tex]
So, the monthly rent for an apartment with 1,200 square feet is approximately [tex]\(\$2459\)[/tex].
### Part (b)
We need to find the square footage of an apartment with a monthly rent of [tex]\(\$1,900\)[/tex].
1. Set the equation for [tex]\( y \)[/tex] to 1900 and solve for [tex]\( x \)[/tex]:
[tex]\[
1900 = 1.3485x + 840.51
\][/tex]
2. Subtract 840.51 from both sides:
[tex]\[
1059.49 = 1.3485x
\][/tex]
3. Divide by 1.3485 to solve for [tex]\( x \)[/tex]:
[tex]\[
x = \frac{1059.49}{1.3485} \approx 785.8
\][/tex]
4. Round the result to the nearest whole number:
[tex]\[
x \approx 786
\][/tex]
So, the square footage of an apartment with a monthly rent of [tex]\(\$1,900\)[/tex] is approximately 786 square feet.