Does the age of a car affect the price of the car?

Question Completion Status: Question 2 Does the age of a car affect the price of the car? We would like to determine if there is a linear relationship Using the Minitab printout below answer the following questions: a) What is the explanatory variable? What is the response variable? b) What is the least squares regression equation? () What is the coefficient of determination, r?? Interpret this result. d) What is the correlation coefficient, r? Interpret this result. e) Are there any outliers? If so, which observations are outliers? (If there is more than one, list observations with a comma between them. Write N/A if there are none Are there any influential observations? If so, which observations are influ (If there is more than one, list observations with a comma between them. Write N/A if there are none f) Suppose the ages of the cars in this sample ranged from 4 to 28 years old. What would be the predicted price of a car that is 2 years old ? What would be the predicted price of a car that is 14 years old?ment/take/take.jsp?course_assessment_id=_116954_1&course_id=_49369_1&content_id=_5115959_1&question_num_2.x=0&toggle_st... Question Completion Status: Question 2 6 points Save A Does the age of a car affect the price of the car? We would like to determine if there is a linear relationship between age of a car and price of the car. Using the Minitab printout below answer the following questions: a) What is the explanatory variable? What is the response variable? b) What is the least squares regression equation? c) What is the coefficient of determination, r2? Interpret this result. d) What is the correlation coefficient, r? Interpret this result. e) Are there any outliers? If so, which observations are outliers? (If there is more than one, list observations with a comma between them. Write N/A if there are none.) Are there any influential observations? If so, which observations are influential? (If there is more than one, list observations with a comma between them. Write N/A if there are none.) () Suppose the ages of the cars in this sample ranged from 4 to 28 years old. What would be the predicted price of a car that is 2 years old ? What would be the predicted price of a car that is 14 years old