An auto manufacturing company wanted to investigate how the price of one of its car models depreciates with age. The res

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An Auto Manufacturing Company Wanted To Investigate How The Price Of One Of Its Car Models Depreciates With Age The Res 1 (49.14 KiB) Viewed 79 times

An auto manufacturing company wanted to investigate how the price of one of its car models depreciates with age. The research department at the company took a sample of eight cars of this model and collected the following information on the ages (in years) and prices (in hundreds of dollars) of these cars. Age 3 3 5 8 7 5 6 7 Price 67 77 62 36 34 54 36 45 = Find the least squares regression line equation in the form û = a + bx. Use "Age" as the independent variable and "Price" as the dependent variable. Round your answers to four decimal places. À i +( i Dx = Predict the price of a 3 year-old car of this model. Round your answer to one decimal place. = Ypred IN