University of Nicosia - The larges x Assignment Brief Week 9 Fall 202 x + V X C a courses.unic.ac.cy/pluginfile.php/2456957/mod_resource/content/0/Assignment%20%20Brief%20Week%209%20Fall%202021.pdf E Assignment Brief Week 9 Fall 2021.pdf 1 / 1 100% + THE QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: The manager at a used car dealership is interested in analyzing the dollar value of used automobiles. She collects data from 115 past car sales, and records the value as well as the age of the car. The results of her regression analysis are listed below. SUMMARY OUTPUT Regression Statistics Multiple R 0.187 R Square 0.035 Adjusted R 0.026 Square Standard Error 5652.090 Observations 115.000 ANOVA df SS MS R Significance F Regression 130433116.219 130433116.219 4.083 0.046 Residual 113 3609911959.868 31946123.539 Total 114 3740345076.087 Coefficient Standard Error t Stat P-value Intercept 10725.802 1535.215 6.987 0.000 Age 69.964 34.625 2.021 0.046 1) What is the regression equation? 2) How would you best explain the y-intercept and slope in this situation? 3) What would be the dollar value of an automobile that is 25 years old? 4) Explain the value and meaning of the R2 given in the table. T Type here to search O W o X 9 35OF Cloudy ~ ( ENG 9:56 up 14/1/2022