Math Problem Statement

Read the following description of a data set. A large property developer owns a number of suburban apartment complexes. The developer wants to see if planting more trees will increase the demand for her apartments. The developer notes the number of trees planted in each apartment complex she owns, x, as well as the number of rental applications filled out for each complex in one month, y. The least squares regression line of this data set is: y=0.477x+32.655 Complete the following sentence: The least squares regression line predicts that for each additional tree planted, there will be an additional rental applications per month.

Solution

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Math Problem Analysis

Mathematical Concepts

Regression Analysis
Linear Regression
Least Squares Method

Formulas

Least squares regression line formula: y = mx + b

Theorems

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Suitable Grade Level

Advanced High School