An Real Estate Analyst Believes That the Three Main Factors

Multiple Choice

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 as Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃ Sqft + ε.The following ANOVA table shows a portion of the regression results. Which of the following would be the rent for a 1,000-square-foot apartment that has two bedrooms and two bathrooms?

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