Data Were Collected On The Age In Years Mileage In Thousands Of Miles And Price In Thousands Of Dollars Of A Rando 1 (37.5 KiB) Viewed 17 times
Data Were Collected On The Age In Years Mileage In Thousands Of Miles And Price In Thousands Of Dollars Of A Rando 2 (30.79 KiB) Viewed 17 times
Data were collected on the age (in years), mileage (in thousands of miles, and price in thousands of dollars) of a random sample of used Hyundai Elantras. Output from two models are provided. Single Predictor Model: The regression equation is Price - 13.8 -0.0912 Mileage Predictor Coef SE Coer T P Constant 13.7751 0.6930 19.880.000 Mileage -0.0911670.009718 -9.38 0.000 Two Predictor Model: The regression equation is Price - 15.2 -0.0101 Mileage - 1.55 Age Coef Predictor SE Coef T P Constant 15.2174 0.6112 24.900.000 Mileage -0.01005 0.01977 -0.51 0.616 Age -1.5466 0.3508-4.410.000
The regression equation is Price - 15.2 -0.0101 Mileage - 1.55 Age Predictor Coel SE Coef T P Constant 15.2174 0.611224.90 0.000 Mileage -0.01005 0.01977 -0.51 0.616 Age -1.5466 0.3508 -4410.000 S-139445 R-S9-89.0% R-Saladal 8.0% Analysis of Variance OF Source SS MS F P Regression 2 346.11 173.06 89.000.000 42.78 1.94 Residual Error 22 Total 24388.89 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 A
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