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Mathematics, 01.04.2020 22:18 damianb25

The square footage and monthly rental of 10 similar two apartments yield the linear regression of y=1.185x + 525.26, where x representst the square footage of the apartment and y represents the monthly rental price.

a. Use the formula to determine the monthly rent for an apartment that has $1,500 square feet.

b. Based upon the recommendation that you should spend no more than 28% of your monthly gross income on housing, should Jacob rent this apartment, if his monthly income is $5,000 each month? yes or no

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