The owner of Maumee Ford-Volvo 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 the dealership during the last year. Car 1 2 3 4 5 6 7 8 9 10 11 12 Age (years) 9 7 11 12 8 7 8 11 Selling Price ($000) 8.1 6.0 3.6 4.0 5.0 10.0 7.6 8.0 8.0 6.0 8.6 8.0 12 6 6 Click here for the Excel Data File 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? (x - 2) ook b-1. Determine the correlation coefficient. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) X y I- - (y- (x - 2) (y-) 9.0 8.1 8.9166 1.192 0.007 1.420 0.099 7.0 6.0 -0.908 3.674 0.825 1.741 11.0 3.6 2.083 4.340 10.945 -6.892 12.0 4.0 3.083 9.507 8.458 -8.967 8.0 5.0 -0.917 -1.908 3.642 1.749 7.0 10.0 -1.917 3.092 9.558 -5.926 8.0 7.6 -0.917 0.692 0.840 -0.634 11.0 8.0 2.083 1.092 4.340 2.274 10.0 8.0 1.083 1.092 1.174 1.192 12.0 6.0 3.083 -0.908 9.507 0.825 6.0 8.6 -2.917 1.692 8.507 2.862 -4.934 6.0 8.0 -2.917 1.092 8.507 1.192 -3.184 107.000 82.900 Totals Tint rences r = y = sy sx= = BE raw 2 of 5 79F 01 > a 11:12 PM 7/25/2021 ere to search NOTICE Most features are disabled because your Office pro 1 fi Car A B. D E F 1 Car Age (years) 9 C Selling Price ($000) 8.1 6.0 3.6 4.0 2 1 3 2 7 4 w 11 5 4 12 6 5 8 5.0 7 6 7 10.0 7. 8 7.6 8 . 9 11 8.0 10 0009 10 8.0 11 12 6.0 12 11 6 8.6 13 12 6 8.0 14 15 16 17 18 19 20 Ch13 6 18e + Ready Type here to search