Ten corvettes between 1 and 6 years old were randomly selected from the classified ads of The Arizona Republic. The following data were obtained, where x denotes age, in years, and y denotes price, in thousands of dollars. x (age) 6 6 6 2 2 5 4 5 1 4 Price (100ths) 27000 26000 27500 40500 36400 29500 33500 30800 40500 30500 (a) Draw a scatter diagram (b)Find the Linear Correlation Coefficient r. Linear Regression Activity

(c) Describe the shape, strength, and direction. (d)Does a linear relationship exist between the age of a corvette and its price? (use the critical value to explain) (e) If appropriate, explain the slope in context. (f) If appropriate, explain the y-intercept in context. (g) Predict the price of a one-year-old corvette.

(h)Find the Residual of a one-year-old corvette.