An agent for a residential real estate company in a suburb located outside a major city has the business objective of de

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An agent for a residential real estate company in a suburblocated outside a major city has the business objective ofdeveloping more accurate estimates of the monthly rental cost forapartments. Toward the​ goal, the agent would like to use thesize of an​ apartment, as defined by square footage to predictthe monthly rental cost. The agent selects a sample of8​ one-bedroom apartments and the data are shown. Completeparts​ (a) through​ (c).
Monthly Rent​ ($)
875
1,500
825
1,500
1,950
975
1,825
1,250
Size​ (Square Feet)
750
1,350
1,050
1,250
1,900
750
1,250
1,100
Question content area bottom
Part 1
a. Construct a scatter plot. Choose the correct graph below.
b. Use the​ least-squares method to determine theregression coefficients intercept b0 and slope b1.
b0
=
b1
=
c. Predict the mean monthly rent for an apartment thathas​ 1,000 square feet.
The predicted mean monthly rent for such an apartment is?
​(Round to 2 decimal digits as​ needed.)