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Mathematics, 06.05.2020 03:28 muffinpuncher

Before starting their graduate studies, a student wants to rent an apartment near the university. She wants to learn how the distance to the school affects the rent. Statistical software was used to conduct a simple linear regression about the relationship between the rent (in USD) of an apartment and its distance to the university (in miles). The following equation for the regression line was given:

RENT= 1200.4326 - 256.2567* DISTANCE

If she finds an apartment that is 1.2 miles away from school, what is its predicted rent?

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