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)11111.0279.03163.04193.0595.06711.67109.68177.09147.010194.811510.61258.6

a. Determine the standard error of estimate (Round your answer to 3 decimal places.)

b. Determine the coefficient of determination (Round your answer to 3 decimal places.)

c. Interprete the coefficient of determination (Round you answer to the nearest whole number.)