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Question - An agent for a real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of the apartment, as defined by square footage. A sample of eight apartments in a neighborhood was selected, and the information gathered revealed the data shown below. For these data, the regression coefficients are b0=425.3798 and b1=0.8284.
Monthly Rent ($) 950 1500 800 1600 1900 950 1800 1400
Size (Square Feet) 750 1200 950 1200 2000 650 1350 950
Required - Determine the coefficient of determination, r2, and interpret its meaning.
How do Solve the after tax income for Canada Tires, the African assembly division, and the company as a whole if 100,000 tires are transferred at Canada's Tires
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