Cast study 2

B. Using the above result we have

bo =993 & b1 =0.493

c. b0 which is 993 in this case indicates the rent of the apartment when theoretically the size of the
apartment is 0 feet.

b1 which is 0.493 indicates amount of increase in rent when there is an increase in 1 feet in size.

d. Y =993+0.493*800 =1387.40
Therefore the estimated monthly rent of an apartment with 800 square feet size is $1387.40

R2 = 12.55