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Exhibit 14-8

Question 62

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Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x1) ,the number of bathrooms (x2) ,and its square footage (x3) .She estimates the following model: Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 14-8.What would be the rent for a 1,000-square-foot apartment that has 2 bedrooms and 2 bathrooms? A) $840 B) $1,130 C) $1,260 D) $1,335 .The following table shows a portion of the regression results. Exhibit 14-8.An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model: .The following table shows a portion of the regression results. Refer to Exhibit 14-8.What would be the rent for a 1,000-square-foot apartment that has 2 bedrooms and 2 bathrooms? A) $840 B) $1,130 C) $1,260 D) $1,335 Refer to Exhibit 14-8.What would be the rent for a 1,000-square-foot apartment that has 2 bedrooms and 2 bathrooms?


A) $840
B) $1,130
C) $1,260
D) $1,335

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