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The following are the age (in years) and price (in hundreds of dollars) data for a certain type of car. A scatterplot of the data
The following are the age (in years) and price (in hundreds of dollars) data for a certain type of car. A scatterplot of the data is 500 given to the right. 400 106 300- Age (x) 7 7 5 1 5 200 Price (y) 272 265 274 410 369 300 340 308 408 306 a. Obtain the linear correlation coefficient. b. Interpret the value of r in terms of the linear relationship between the two variables. c. Discuss the graphical interpretation of the value of r. d. Obtain the value of the coefficient of determination by squaring r. a. = (Round to three decimal places as needed.) b. There is between the two variables. c. The given graph is with the interpretation found in part (b), because the y-values appear to as the x-values increase, and the data points appear d. . = (Round to three decimal places as needed.)
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