Using the following regression output determine the cost of rent in New York City if the square footage is 500 sqft? SUMMARY OUTPUT     Regression Statistics Multiple R 0.944744 R Square 0.892542 Adjusted R Square 0.889714 Standard Error 580.9854 Observations 40     ANOVA     df Regression 1 Residual 38 Total 39       Coefficients Intercept 1230.242 Square Feet 6.666983 Group of answer choices $447.22 $4,563.73 $1,811.23 $1,053.36

Using the following regression output determine the cost of rent in New York City if the square footage is 500 sqft?

SUMMARY OUTPUT

   

Regression Statistics

Multiple R

0.944744

R Square

0.892542

Adjusted R Square

0.889714

Standard Error

580.9854

Observations

40

   

ANOVA

 

 

df

Regression

1

Residual

38

Total

39

   

 

Coefficients

Intercept

1230.242

Square Feet

6.666983

Group of answer choices

$447.22

$4,563.73

$1,811.23

$1,053.36

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