Question
The following model uses the Type (Luxury vs. Common) and the Mileage (mile) to predict the Price ($) of a car: Price ~ 1 +
The following model uses the Type ("Luxury" vs. "Common") and the Mileage (mile) to predict the Price ($) of a car: Price ~ 1 + Type + Mileage + Type:Mileage
Based on the model, which of the following statements is/are correct? Please select all that apply. It's possible that there is only one correct answer.
A. For each type, the impact of the mileage on the car's price is the same
B. For each type, the price for a new car (i.e., Mileage = 0) is the different
C. For each type, the price for a new car (i.e., Mileage = 0) is the same
D. For each type, the impact of the mileage on the car's price is different
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