Asked by Shelby Morris on May 19, 2024

verifed

Verified

Apple-Gate apartment complex uses the line graph of an exponential regression equation to model their rent increases over the past 5 years as compared to other complexes in the neighborhood.The Apple-Gate rent increases are less than other complexes in the area;therefore the slope of their graph should be steeper.

Exponential Regression

A statistical method used for modeling the relationship between a dependent variable and an exponential function of an independent variable.

Rent Increases

The upward adjustment in rental charges, typically on an annual basis or at the renewal of a lease agreement.

Slope

The slope of a line is the numerical value for the inclination or declination of that line and is expressed as a ratio of the change in the vertical variable over the change in the horizontal variable from one point on the line to the next.

  • Interpret and analyze financial information and statements regarding personal and property finances.
verifed

Verified Answer

OF
Odalys FonsecaMay 20, 2024
Final Answer :
False
Explanation :
If the Apple-Gate rent increases are less than other complexes in the area, then their line graph should have a shallower slope than the other complexes, not steeper. Steeper slope would indicate a faster rate of increase.