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I need some assistance with these 3 questions Find the equation of the least-squares line (i.e. fill in the numbers for =+y^=a+bx), where y is

I need some assistance with these 3 questions

  1. Find the equation of the least-squares line (i.e. fill in the numbers for =+y^=a+bx), where y is price and x is mileage.
  2. Find & practically interpret the slope (b)
  3. Find & interpret the y-intercept (a) if an interpretation is possible. If it's not possible, just report the y-intercept and explain whyit can not be interpreted practically

These the data I have so far

Simple linear regression results:

Dependent Variable: Price Independent Variable: Mileage Price = 41116.768 - 0.17675013 Mileage Sample size: 30 R (correlation coefficient) = -0.46576164 R-sq = 0.2169339 Estimate of error standard deviation: 9248.6584

Parameter estimates:

ParameterEstimateStd. Err.AlternativeDFT-StatP-value
Intercept41116.7682661.5978 02815.448152
Slope-0.176750130.06346236 028-2.78511750.0095

Analysis of variance table for regression model:

SourceDFSSMSF-statP-value
Model16.6350549e86.6350549e87.75687940.0095
Error282.3950551e985537682
Total293.0585606e9

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