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For a particular red wine, the following data show the auction price for a 750-milliliter bottle and the age of the wine in June of
For a particular red wine, the following data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016.
Age (years) | Price ($) |
---|
35 | 256 |
20 | 142 |
29 | 217 |
33 | 255 |
41 | 331 |
26 | 168 |
31 | 209 |
45 | 297 |
34 | 237 |
22 | 182 |
Develop the least squares estimated regression equation. (Let x = age (in years), and let y = price (in $). Round your numerical values to three decimal places.)
= _______
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