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Exercise 8.2.2 Part 1 of 3 points Points: 0.56 of 1 Save A student wants to study the impact of the number of kilometers
Exercise 8.2.2 Part 1 of 3 points Points: 0.56 of 1 Save A student wants to study the impact of the number of kilometers (K) run by a car on its resale price (P, measured in dollars). For her study, she selects a random sample of 100 second hand car sellers from her city and estimates the following regression equation: P=57.85-265.75in(K), where P and K denote the predicted value of the resale price of the car and the number of kilometers run by that car, respectively Therefore, a 1% increase in the number of kilometers run by a car is associated with of the car by (Round your answer to two decimal places.) in the resale price
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