Answer:
$2675 ; $1495 ; $400
Step-by-step explanation:
Given the regression model :
y = 175+ 1.2x1 +400x2
y = average monthly rent
x1 = square footage of apartment
x2 = location ; 1 if located in town center ; 0 if otherwise.
1.)
Predict average monthly rent for an apartment located in town center and has 1750 ft²
y = 175+ 1.2(1750) + 400(1)
y = 175 + 2100 + 400
y = $2675
11.) average monthly rent for an apartment located in the suburbs that has 1,100 square feet.
y = 175 + 1.2(1100) + 400(0)
y = 175 + 1320 + 0
y = $1495
111) An apartment is worth $400 more if located in town center (slope of x2)
An apartment is worth 400 dollars more if located in the center of the town than the located in the suburbs.
A Linear system is a system in which the degree of the variable in the equation is one. It may contain one, two, or more two variables.
The given linear regression model is shown below.
[tex]\rm y = 175 + 1.2 x_1 + 400 x_2[/tex]
y = Average monthly rent
x₁ = square footage of apartment
x₂ = location
1. Predict the average monthly rent for an apartment located in the center of town and has 1750 square feet.
y = 175 + 1.2 × 1750 + 400 × 1
y = 175 + 2100 + 400
y = $2675
2. The average monthly rent for an apartment located in the suburbs has 1100 square feet.
y = 175 + 1.2 × 1100 + 400 × 0
y = 175 + 1320
y = $1495
An apartment is worth 400 dollars more if located in the center of the town than the located in the suburbs.
More about the linear system link is given below.
https://brainly.com/question/20379472
