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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 a random

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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 a random sample of 12 used cars sold at the dealership during the last year Cac Age Selling Price years (5000) 10.5 1 2 3 9 6 12 14 7 2 2 12 12 7 3.1 3.0 7.0 11.4 8.2 6.9 6.0 2.1 9.6 8.5 10 11 Click here for the Excel Data File Determine the regression equation. (Negative values should be indicated by a minus sign. Round your answers to 3 decimal places) b t. Estimate the selling price of an 1 year old car on 5000). (Round your answer to 3 decimal places.) b. Estimate the selling price of an 11-year-old car (in $000). (Round your answer to 3 decimal places. Selling price c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.) in alt For eact additional year, the cat price decreases Next >

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