For the next two questions, consider the following regression equation for the monthly rent of apartments:
Monthly Rent (in $) = 950 + 450 \* #ofBedrooms + 300 \* #ofBathrooms + 250 \* LakeView + 100 \* CityView
[2 points] 13: Suppose an apartment has 3 bedrooms, 2 bathrooms and a city view. What is the predicted
monthly rent of this apartment according to the regression model?
a. $3,250
b. $2,900
c. $3,150
d. $2,950
e. $3,000
[3 points] 14: Suppose an apartment with 4 bedrooms, 2 bathrooms and neither city or lake view is listed for
$3,250. What is the residual for this apartment?
a. $-100
b. $100
c. $-450
d. $450
e. $3,350