Answer Happy

Posted: **Wed Jul 06, 2022 12:11 pm**

: The Owner Of Maumee Ford Volvo Wants To Study The Relationship Between The Age Of A Car And Its Selling Price Listed Be 1 (14.06 KiB) Viewed 13 times

: The Owner Of Maumee Ford Volvo Wants To Study The Relationship Between The Age Of A Car And Its Selling Price Listed Be 2 (18.21 KiB) Viewed 13 times

: The Owner Of Maumee Ford Volvo Wants To Study The Relationship Between The Age Of A Car And Its Selling Price Listed Be 3 (23.98 KiB) Viewed 13 times

The owner of Maumee Ford-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 2 3 HESLAWN 5 6 7 8 10 11 12 Age (years) 13 9 15 18 11 9 11 16 14 18 8 8 Selling Price (5000) 11.1 9.4 4.0 4.8 5.2 12.6 9.4 8.2 8.2 4.4 10.8 9.2 PictureClick here for the Excel Data File
a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 3 deci places.) b= b. Estimate the selling price of an 7-year-old car (in $000). (Round your answer to 3 decimal places.) Selling price e Prev 8 of 10 # Next >
c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.) For each additional year, the car decreases in value.