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.

CarAge (years)Selling Price ($000)

1910.5

268.6

3123.1

4143.0

577.0

6711.4

778.2

8126.9

9126.9

10142.1

1159.6

1258.5

Determine the regression equation.(Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)

Estimate the selling price of an 11-year-old car (in $000).(Round your answer to 3 decimal places.)

Interpret the regression equation (in dollars)