Question

You are curious why some apartments in West Campus cost more to rent than others. So you sample 30 one-bedroom apartments from across different West Campus apartment buildings and record the monthly rent (in dollars), along with the following explanatory variables: Area - square feet of living space in the apartment Age - how many years old the building that contains the apartment is Parking - whether or not the apartment comes with a parking space You ran a linear regression model predicting monthly rent and including the main effects of all three explanatory variables.

Required:
What is the population of interest for this study?

Answer 1

the monthly rents of the apartments

Explanation:

In the field of statistics, the population of interest may be defined as the group or the population from which the experimenter or the researcher tries to make conclusions or draw their results.

In the context, I am interested to study the cost of the rented house that is more than others in the West Campus area.

So I recorded the monthly rents of the apartments from a sample of 30 one bedroom apartments.

Therefore, the population of interest for my study here is the monthly rents recorded from the sample of one bedroom apartments.