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explain each answer Q21. Consider the age and price for used cars sold last year by a car dealership company. Use the least squares regression

explain each answer

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Q21. Consider the age and price for used cars sold last year by a car dealership company. Use the least squares regression method to solve the next questions. (10 marks) CarAe in sets \"nun\" _ Price in dollars 6300 5800 5700 4500 HIE! 3100 1. Find the slope m for the regression line (5 marks) 2. Find Erie intercept b for the regression line (3 marks) 3. Use the least squares regression line to estimate theprioe of a car aged 7 years. (2 marks) m = my. b = m N N208) (2)02

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