aDu... LO Test 2 Question ? of 25 (1 pointy | Question Attempt 1 of 1 Time Remaining: 148-35 The Cadet is a popular model of sport utility vehicle, known for Its relatively high resale value. The bivariate data given below were taken from a sample of sixteen Cadets, each bought new two years ago, and each sold used within the past month. For each Cadet In the sample, we have listed both the mileage I (In thousands of miles) that the Cadet had on Its odometer at the time it was sed and the price ) (in thousands of dollars) at which the Cadet was sold used with the aim of predicting the used selling price from the number of miles driven, we might examine the least-squares regression line, y = 42.41-0.53x. This line is shown in the scatter plot below. Mileage, X Used selling price, Y (In thousands) (in thousands of dollars) 25.8 27.3 15.7 34.7 23 1 31 1 23.7 28.4 343 263 20 9 30 3 27.8 29 7 22 8 (in thousands of dollars) 32 8 Used selling price 24 3 30.1 29.6 26.7 37.4 22 5 21.2 31 6 269 30.5 Mileage 39.0 20.9 (in thousands) 24.1 26.3 28 0 260 Sand data to calculator v ) Sand data to Excol Based on the sample data and the regression line, answer the following. (2) What was the observed used selling price (In thousands of dollars) when the mileage was 24 3 thousand miles? (b) From the regression equation, what is the predicted used selling price (In thousands of dollars) when the mileage 2413 thousand miles? Round your answer to one or more decimal places- Continue Submit Assignment