Answer Happy

8. The owner of Maumee Ford-Volvo wants to study therelationship between the age of a car and its selling price. Listedbelow is a random sample of 12 used cars sold at the dealershipduring the last year.
a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) a = b= b. Estimate the selling price of an 12-year-old car (in $000). (Round your answer to 3 decimal places.) Selling price c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.) For each additional year, the car decreases in value.