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Given the following data set. Age of Vehicle (Years) 4 7 11 2 12 8 7 Selling Price ($) 11,000 6,000 2,000 12,000 3,000 5,000
Given the following data set.
Age of Vehicle (Years) | 4 | 7 | 11 | 2 | 12 | 8 | 7 |
Selling Price ($) | 11,000 | 6,000 | 2,000 | 12,000 | 3,000 | 5,000 | 6,000 |
Determine the followong values:
a) Correlation coefficient. Rounded to 4 decimal places.
Correlation Coefficient. ________________
b) Coefficient of Determination. Rounded to 4 decimal places.
Coefficient of Determination. ______________
c) The Regression Equation. Round both slope and Y- intercept to 4 decimal places.
Y' =_______________ X' + _____________________
Slope Y-Intercept
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