A 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 + β₁Bedroom + β₂Bath + β₃Sqft + 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

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The Answer of A 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 + β₁Bedroom + β₂Bath + β₃Sqft + 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

A Real Estate Analyst Believes That the Three Main Factors