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Regression Statistics Multiple R 0.90 R Squared 0.80 Adjusted qu 0.79 Standard Error 82.06 Observations 19.00 AN OVA df 55 MS Regression 1 4672475 4672475

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Regression Statistics Multiple R 0.90 R Squared 0.80 Adjusted qu 0.79 Standard Error 82.06 Observations 19.00 AN OVA df 55 MS Regression 1 4672475 4672475 Residual 17 1144662 67333 Total 18 5817137 Coefcients St Error t Stat Intercept 756.62 30.41 24.87 Age -10.72 1.23 8.33 This output was obtained from data on the age of houses (in years) and the associated amount paid in rates (5). Predict the rates paid (in dollars correct to two decimal places) for a house that is 8.6 years old

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