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Suppose that in a certain city, the rent of an apartment is proportional to the size of the apartment in square feet.
Suppose that in a certain city, the rent of an apartment is proportional to the size of the apartment in square feet. You use regression to try to quantify this relationship and the regression output from a sample of 10 apartments is shown below. What can we conclude about the slope of size?
Question 6 options:
1)
The slope significantly differs from 0.
2)
The slope is 0.407 and therefore differs from 0.
3)
Not enough evidence was found to conclude the slope differs significantly from 0.
4)
Since we are not given the dataset, we do not have enough information to determine if the slope differs from 0.
5)
The slope is equal to 0.