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Use the information below to answer the following question(s). Cape May Realty manages rental beach ...

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Use the information below to answer the following question(s). Cape May Realty manages rental beach ...

Use the information below to answer the following question(s).

Cape May Realty manages rental beach properties during the summer season for property owners. They would like to determine if a relationship exists between the square footage of beach property and the weekly rental rates during the summer season. Simple regression analysis was performed using a random sample of beach properties with the results shown below.

According to these regression results, the average weekly rental for a property that is 2,000 square feet is ________.

▸ $1,219

▸ $1,473

▸ $1,598

▸ $1,750

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Business Statistics

Edition: 2^nd

Author: Donnelly

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