=+24. Wine prices. Many factors affect the price of wine, including such qualitative characteristics as the variety of grape, location of winery, and label. Researchers developed a regression model considering two quantitative variables:

the tasting score of the wine and the age of the wine (in years) when released to market. They found the following regression equation, with an R2 of 65%, to predict the price (in dollars) of a bottle of wine.

Price = 6.25 + 1.22 Tasting Score + 0.55 Age One of the following interpretations is correct. Which is it? Explain what’s wrong with the others.