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Mathematics, 25.02.2021 01:10 karyme12
The square footage and monthly rental price of 15 similar two-bedroom apartments in Martha's Cove yield the following linear regression equation: y = 1.037x + 398.98 where x represents the square footage of the apartment and y represents the monthly rental price. Using the recommendation that you should spend no more than 28% of your monthly gross income on housing, what is the largest square foot apartment that you would be able to rent if your annual salary is $89,800? (Round your answer to the nearest square foot)
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