Using the following regression output determine the cost of rent in New York City if the square footage is 500 sqft?
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.944744
R Square
0.892542
Adjusted R Square
0.889714
Standard Error
580.9854
Observations
40
ANOVA
df
Regression
1
Residual
38
Total
39
Coefficients
Intercept
1230.242
Square Feet
6.666983
Group of answer choices
$447.22
$4,563.73
$1,811.23
$1,053.36
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