please help me understand better the concepts.

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year. Age Car (years) PLZ3AFGTB9OLD 1 2 4 5 6 7 8 10 11 12 DE 9 7 a= 11 b= 12 8 7 8 11 10 12 6 6 Selling Price ($000) RES 8.1 6.0 3.6 4.0 5.0 10.0 7.6 8.0 Click here for the Excel Data File 8.0 6.0 8.6 8.0 a. Determine the regression equation. (Round your answers to 3 decimal places. Negative amount should be indicated by a minus sign.) b. Estimate the selling price of a 10-year-old car (in $000). (Round your answer to 3 decimal places.)

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a randorn sample of 12 used cars sold at the dealership during the last year. Click here for the Excel Data File 8. Determine the regression equation. (Round your answers to 3 decimal places. Negative amount should be indicated by a minus sign.) b. Estimate the selling price of a 10 -year-old car (in $000 ). (Round your answer to 3 decimal places.) a. Determine the regression equation. (Round your answers to 3 decimal places. Negative amount should be indicated by a minus sign.) b. Estimate the selling price of a 10-year-old car (in $000 ). (Round your answer to 3 decimal places.) c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount)