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Motor Care Watch (MCW) performed a study using 10 cars to determine the relationship between the age of a car in years (X) and its
Motor Care Watch (MCW) performed a study using 10 cars to determine the relationship between the age of a car in years (X) and its monthly maintenance cost in K (Y).
Calculations performed on the data gave the following results:
X= 169; Y= 130; X2= 3856; Y2=2370:XY= 3006.
i). Determine an appropriate regression model.
ii). Calculate and interpret a measure of the strength of the model.
iii). what is the likely maintenance cost of a 6-year-old car?
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