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: .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

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The Answer of 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: .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