Two business partners, Juan and Nelson, are looking to rent an office. They are interested in renting an 800-square-foot
office that is listed for $1,325 a month. They conducted some
research on eight commercial buildings that were rented
within the past month near the location where they would like
to rent. They collected information on office size (in square
feet) and monthly rent (in dollars).
lice
720 760 652
824
880 752 780 860
size 131
Monthly
1025 1075 940 1155 12251065 1100 1200
Rent 3
Part A: Using the model y = A + Bx, compute the regression
equation for the data in the table. Write the
values for A and B into the text boxes in the
equation below.
y =
+
x