Age (yr) ___________ Price ($100)

x ..................... y

5 ......................85

4 .....................103

6 ......................70

5 ......................82

5 ......................89

5 ......................98

6 ......................66

6 ......................95

2 .....................169

7 ......................70

7 ......................48

58 .....................975

1) Determine the regression equation for the data.

2) Determine the coefficient of correlation & determination

3) Graph the regression equation and the data points. (Scatter diagram).

4) Interpret the slope of the regression line in terms of prices for Orions.

5) Use the regression equation to predict the price of a 3-year-old Orion and a 4-year-old Orion.