RESEARCH ANALYSIS AND PUBLICATION (LOB7) BATCH 27
An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of the apartments as defined by square footage. A sample of 14 apartments in a particular residential neighbourhood was selected, and the information gathered revealed the following:
APARTMENT
MONTHLY RENT
($)
SIZE
(SQUARE FEET)
1
950
850
2
1600
1450
3
1200
1085
4
1500
1232
5
718
6
1700
1485
7
1650
1136
8
935
726
9
875
700
10
1150
956
11
1400
1100
12
1285
13
2300
1985
14
1800
1369
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