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Performing simple regression analysis with the the age of a car (in years) as the independent variable and the resale value of the car (in

Performing simple regression analysis with the the age of a car (in years) as the independent variable and the resale value of the car (in $)as the dependent variable, you come up with the following values...

r = -0.29

y = 12,547 - 426x

Which would be the correct interpretation of the correlation coefficient?

Question 4 options:

A

Each additional year in a vehicle's age leads to a decrease of $426 in its resale value.

B

There is a strong, positive linear relationship between a vehicle's age and its resale value.

C

There is a weak, positive linear relationship between a vehicle's age and its resale value.

D

There is a weak,negative linear relationship between a vehicle's age and its resale value.

E

Each additional year in a vehicle's age leads to a decrease of $12,547 in its resale value.

F

There is a strong, negative linear relationship between a vehicle's age and its resale value.

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