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
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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
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You have not posted paired data.
Price should be paired with age of the car.
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Cheers,
Stan H.
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