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4. Corvette Prices: The following are age and price data for 10 randomly selected Corvettes between 1 and 6 years old. Here, x denotes age,
4. Corvette Prices: The following are age and price data for 10 randomly selected Corvettes between 1 and 6 years old. Here, x denotes age, in years, and y denotes price. We are interested in using the age of the Corvette to predict the prices of Corvettes. The data is listed below followed by 5 tasks to complete using this data. You should be using StatCrunch to complete this problem. lam-mu 29000 28000 29500 42500 38400 31500 35500 32800 42500 32500 Complete the following tasks for this data: 1. Find the value of the correlation, r, and interpret specically what rtells us about the relationship between these two variables. State your answer in the context of the problem and make at least two observations that rgives us. Round to 3 decimal places. 2. Find and report the regression equation. Round values to 1 decimal place. 3. State the slope and write a sentence that interprets the slope of this regression line using the context of these two variables. 4. State the y-intercept and write a sentence that interprets the y-intercept of this regression line using the context of these two variables
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