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A statistical program is recommended. The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000
A statistical program is recommended. The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000 3 17,599 16,000 3 15,998 42,000 3 15,998 61,000 4 11,599 102,000 7 13,998 109,000 4 14,998 60,000 5 11,599 88,000 9 12,599 58,000 8 14,998 27,000 6 15,998 32,000 4 Price Mileage Age 11,599 95,000 8 10,499 123,000 8 14,599 54,000 5 10,599 68,000 11 16,998 40,000 4 20,998 7,000 1 11,599 81,000 9 12,599 70,000 6 13,599 86,000 5 11,599 92,000 7 9,599 120,000 10 Price Mileage Age 18,998 20,000 2 12,599 63,000 7 12,599 70,000 6 10,998 88,000 10 11,998 86,000 6 12,998 60,000 6 17,599 45,000 2 9,998 96,000 11 9,998 60,000 11 16,998 36,000 2 17,599 45,000 2 Use the estimated regression equation that predicts the selling price of a used sedan given the mileage and age of the car to answer the following questions. (Let x1 represent the mileage of the car, x2 represent the age of the car, and y represent the selling price of the car.) = 20385.25 0.03739x1 686.3367x2 (a) Estimate the selling price (in $) of a five-year-old sedan with mileage of
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