The following information has been gathered from a random sample of apartment tenants in a city. We are trying to predic
Posted: Thu Apr 28, 2022 7:30 am
The following information has been gathered from a random sample of apartment tenants in a city. We are trying to predict rent (in Rs. per month) based on the size of the apartment (number of rooms) and the distance from central facilities, in heart of city (in kms). Rent (Rs) Number of Rooms Locality Distance (km) 9000 2 1 10000 4 3 14500 3 2 9500 4 3 7500 2 00 8 5000 1 4 12000 3 UT 5 a. Calculate regression equation that relates these three variables. b. If someone is looking for a two-bedroom apartment 2.5 kms from center, what rent should he expect to pay?