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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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