Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 4 - Review - Review Exercises - Page 247: 5b

Answer

Slope interpretation: if the square footage of an apartment in Queens increases by 1, we would expected the rent per month to increase by $2.209 y-intercept interpretation: it has no meaning since there is no apartmen whose square footage is 0.

Work Step by Step

We could also have said, for slope, that when the square footage is increased by 1, the rent per month increases by $2.209, on average.
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