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b.Describe the scatterplot using the characteristics Direction, Outliers, Trend, Strength (DOTS). c. What is the response variable?What is the predictor variable? d.Does this variable appear

b.Describe the scatterplot using the characteristics Direction, Outliers, Trend, Strength (DOTS).

c. What is the response variable?What is the predictor variable?

d.Does this variable appear to be a good predictor of price?Explain your answer in a couple of sentences, describing the fit of the line and including the percentage of explained variability.

image text in transcribed

image text in transcribed

\fLinear Regression Equation: Parameter Estimate Intercept 359,874 Slope (Days) -622.6 Model Summary: Statistic Value Correlation Coefficient r -0.163 Coefficient of Determination 2 2.7% Residual Standard Deviation 206,033

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