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A national car rental company wants to predict the price they receive when selling their used cars ($ thousand) based on the mileage of the
A national car rental company wants to predict the price they receive when selling their used cars ($ thousand) based on the mileage of the cars (thousands of miles). The following linear regression results were obtained using recent transaction data from 11 car sales. SUMMARY OUTPUT Regression Statistics Multiple R 0.782 R Square 0.612 Adjusted R Square 0.569 Standard Error 1.157 Observations 11 Coefficients Std Error t Stat p-value Intercept 17.11 1.352 12.66 0.000 Mileage -0.083 0.022 -3.768 0.004 What is the sample correlation between sale price and mileage? O 0.433 O 0.569 O 0.612 O 0.782 O 0.931
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