The following sample observations were randomly selected: X: 4 5 3 6 10 Y: 4 6 5 7 7 a. Determine the regression equation. b. Determine the value of Y' when X is 7 AutoSave OFF Home Insert Draw Page Layout Formulas Data Review View Automate QUA2343 - Assignment 3 Tell me BD Comments Share Calibri (Body) 11 Paste B I U Wrap Text General Merge & Center $ %9 .00 0 Conditional Format Cell Formatting as Table Styles Insert Delete Format T Sort & Filter Find & Select Analyze Data Sensitivity F32 fx A B C D E F G H | J K L M N P Q R S T U V W X Y Z 12 Question 5 /8 3 4 The owner of Maumee Motors wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at Maumee Motors last year: 5 6 Car Age (years) Selling Price ($ thousands) 7 1 8 9 10 11 12 13 7 14 15 16 56 9 10 17 11 18 12 97228 22266 2345698 8.1 6 11 3.6 12 4 5 10 7.6 11 8 10 8 12 6 19 8.6 8 20 a. If we want to estimate selling price on the basis of the age of the car, which variable is the dependent variable, and which is the independent variable? 21 22 23 b. Determine the regression equation. 24 25 26 c. Estimate the selling price of a 10-year-old car. 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Ready Instructions Q1 Q2 Q3 Accessibility: Investigate 4 Q4 Q5 + + 100%