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SUMMARY OUTPUT Regression Statistics Multiple R 0.893417642 R Square 0.798195083 Adjusted R Square 0.772969468 Standard Error 2.178287887 Observations 10 ANOVA of SS MS F Significance

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SUMMARY OUTPUT Regression Statistics Multiple R 0.893417642 R Square 0.798195083 Adjusted R Square 0.772969468 Standard Error 2.178287887 Observations 10 ANOVA of SS MS F Significance F Regression 150.140495 150.1405 31.64225 0.000495522 Residual 8 37.95950496 4.744938 Total 9 188.1 Coefficients Standard Error t Stat P-value Intercept 56.20465646 3.53516565 15.89873 2.45E-07 Odometer reading -0.133410783 0.023716865 -5.62514 0.000496Question 7 (7 marks) Car dealers use a trade publication to help them determine the value of used cars. In an experiment to decide whether the odometer reading should be included as a guide to the trade-in value of cars, ten ve- year old cars were selected to examine the relationship between odometer reading (0005 km) and trade- in value (S'OOs). The results are shown in the following EXCEL output

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