Refer to the previous question. Suppose that the car dealer wanted to find values for A and

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Refer to the previous question. Suppose that the car dealer wanted to find values for A and B that minimized the maximum absolute deviation between the actual and estimated selling price for each car. What values of A and B achieve this objective?


Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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