Question
The following linear regression equation estimates the relationship between the selling price ($) of a popular 4WD car based on the age of the car
The following linear regression equation estimates the relationship between the selling price ($) of a popular 4WD car based on the age of the car (years) and the number of kilometres on the odometer.
Estimated Selling Price = 76500 - 1840 Year - 0.03 Odometer
Estimate the selling price of a popular 4WD car that is 9 years old and has 51407 kilometres on the odometer.
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Statistical Inference
Authors: George Casella, Roger L. Berger
2nd edition
0534243126, 978-0534243128
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