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Analysis of Variance df SS MS F Significance F Regression 1 150.14 150.14 31.64 0.000 Residual 8 00 37.96 4.74 Total 9 188.10 Coeff.
Analysis of Variance df SS MS F Significance F Regression 1 150.14 150.14 31.64 0.000 Residual 8 00 37.96 4.74 Total 9 188.10 Coeff. Stnd Error t-Stat P-value Intercept 56.205 3.535 15.90 0.000 -0.26682 0.04743 -5.63 0.000 We run the regression, with trade-in value as the dependent variable (Y) and odometer reading as the independent variable (X). The output is below. Regression Statistics Multiple R 0.893 R Square 0.798 Adjusted R 0.773 Square Standard Error 2.178 Observations 10 Odometer Trade-In Reading Value Car (1,000 miles) ($100s) 1 59 37 2 92 31 M + 5 116 72 43 309 52 52 41 6 67 39 39 7 00 88 35 62 62 40 95 95 10 86 83 29 33
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