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The Honda Accord was named the best midsized car for resale value for 21018 by the Kellelur Blue Book [Kelle'lur Blue Book website). The le

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The Honda Accord was named the best midsized car for resale value for 21018 by the Kellelur Blue Book [Kelle'lur Blue Book website). The le AutoResaie contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datale logo to reference the data. DATA ',.l i l r: a. Develop an estimated regression equation that predicts the selling price of a used Honda Accord given the mileage and age of the car (to 2 decimals). Enter negative value as negative number. 3|:ng price = 20426.61 9 + o.o3:l 9 Mileage + 693.22 9 Age [3. Is multicollinearitv an issue for this model?I Find the correlation between the independent variables to answer this question (to 2 decimals). The correlation between age and mileage is a. I. Since the correlation between the independent variables is less than 0.70; we conclude that multicollinean'tv is an issue. 11. Since the correlation between the independent variables is less than 0.70; we conclude that multicollinean'tv is not an issue. [11. Since the correlation between the independent variables is greater than 0.1'0I we conclude that multicollinean'tv is an issue. I'v. Since the correlation between the independent variables is greater than 0.1'0I we conclude that multicollinean'tv is not an issue. - Select your answer - V a c. Use the F test to determine the overall signicance of the relationship (to 2 decimals}. What is your conclusion at the 0.05 level of signicance? Use F table. Signicance F value pvalue at a = 0.05 Overall Model 286.33 9 less than o.o1 v 9 nut signicant v 6

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