SOLUTION: The owner of Maumee Ford Mercury Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the d
Algebra.Com
Question 421345: The owner of Maumee Ford Mercury Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car Age in years Selling price 1 9 8.1 2 7 6.0 3 11 3.6 4 12 4.0 5 8 5.0 6 7 10.0 7 8 7.6 8 11 8.0 9 10 8.0 10 12 6.0 11 6 8.6 12 6 8.0 A) Determine the regression equation. B) Estimate the selling price of a 10 year old car. C) Interpret the regression equation
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The owner of Maumee Ford Mercury Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Car Age in years Selling price 1 9 8.1 2 7 6.0 3 11 3.6 4 12 4.0 5 8 5.0 6 7 10.0 7 8 7.6 8 11 8.0 9 10 8.0 10 12 6.0 11 6 8.6 12 6 8.0 A) Determine the regression equation. B) Estimate the selling price of a 10 year old car. C) Interpret the regression equation
----
You have not posted paired data.
Price should be paired with age of the car.
================
Cheers,
Stan H.
RELATED QUESTIONS
The owner of Maumee Ford-Mercury-Volvo wants to study the relationship between the age... (answered by Fombitz)
The owner of Maumee Motors wants to study the relationship between the age of a car and... (answered by Theo)
the owner of a car hire company wants to compare the distances which an Austin Metro and... (answered by Alan3354)
1.) If the probability of picking a red Volvo at the local dealership is 40%. What is the (answered by math_tutor2020,greenestamps)
A study regarding the relationship between age and the amount of stress sales personnel... (answered by stanbon)
Alice made a $3,000 down payment on a new Ford Explorer Wagon. She still owes 90% of the... (answered by stanbon)
"A store has been selling a popular game at the price of $40 per unit, and at this price... (answered by gonzo)
Ronald wants to sell his car through a broker who charges a 10% commission of the selling (answered by Alan3354)
I need help solving this problem:
a couple wishes to rent a car for one day while on... (answered by mananth)