This scatterplot and regression line below show the relationship between the average rent for a -bedroom apartment in New York and the number of years after the year . The fitted line has a -intercept of . What is the best interpretation of this -intercept?
Choose 1 answer:
(Choice A) The model indicates that
-bedroom apartments in New York had an average rent of
dollars in
.
A
The model indicates that
-bedroom apartments in New York had an average rent of
dollars in
.
(Choice B) The average rent for a
-bedroom apartment in New York is approximately
dollars.
B
The average rent for a
-bedroom apartment in New York is approximately
dollars.
(Choice C) On average, the rent of a
-bedroom apartment in New York increases by
dollars each year.
C
On average, the rent of a
-bedroom apartment in New York increases by
dollars each year.
(Choice D) The model indicates that
-bedroom apartments in New York had an average rent of approximately
dollars in
.
D
The model indicates that
-bedroom apartments in New York had an average rent of approximately
dollars in
.
