Single Predictor Model The Regression Equation Is Price 13 8 0 0912 Mileage Predictor Coef Se Coef T P Constant 13 7 1 (66.14 KiB) Viewed 33 times
Single Predictor Model The Regression Equation Is Price 13 8 0 0912 Mileage Predictor Coef Se Coef T P Constant 13 7 2 (9.27 KiB) Viewed 33 times
Single Predictor Model: The regression equation is Price = 13.8 -0.0912 Mileage Predictor Coef SE Coef T P Constant 13.7751 0.6930 19.88 0.000 Mileage -0.091167 0.009718-9.38 0.000 Two Predictor Model: The regression equation is Price = 15.2 -0.0101 Mileage - 1.55 Age Predictor Coef SE Coef T P Constant 15.2174 0.6112 24.900.000 Mileage -0.01005 0.01977 -0.51 0.616 Age -1.5466 0.3508-4.41 0.000 S = 1.39445 R-Sq = 89.0% R-Sq(adj) = 88.0% - Analysis of Variance Source DF SS MS F P Regression 2 346.11 173.06 89.000.000 Residual Error 22 42.78 1.94 Total 24 388.89
One of the cars in the sample was a 5-year-old Hyundai Elantra with 87,100 miles being sold for $6,000. What is the predicted price of this car using the single predictor model? Round to three decimal places. $
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