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The owner of Maumee Ford - Volvo wants to study the relationship between the age of a car and its selling price. Listed below is
The owner of Maumee FordVolvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of used cars sold at the dealership during the last year.
Car Age years Selling Price $
a Determine the regression equation. Negative amounts should be indicated by a minus sign. Round your answers to decimal places.
b Estimate the selling price of an yearold car in $Round your answer to decimal places.
c Interpret the regression equation in dollarsRound your answer to the nearest dollar amount.
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