Question
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age
Predictor | Coef | SE Coef | T | P |
Constant | 15.2912 | 0.5840 | 26.18 | 0.000 |
Age | -1.7126 | 0.1264 | -13.55 | 0.000 |
S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4%
Interpretation of coefficient of determination is(a)_______
(A. Age B. 88.9% C. 88.4%. D. Constant E. Price)
of variation in(b)______(A. Age B. 88.9% C. 88.4%. D. Constant E. Price) is explained by(c)______(A. Age B. 88.9% C. 88.4%. D. Constant E. Price).
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