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Use the advertised prices for used cars of a particular model in the accompanying table to create a linear model for the relatio Complete parts
Use the advertised prices for used cars of a particular model in the accompanying table to create a linear model for the relatio Complete parts a through g. Data table Click the icon to view the data table. . . . . . a) Find the equation of the line of regression. Age (yr) | Price Advertised 17,609 Price = +() Age 14,999 (Round to the nearest integer as needed.) 15,988 14,009 b) Explain the meaning of the slope of the line. Select the correct choice below and fill in the answer box to complete your ch 15,008 (Round to the nearest integer as needed.) 14,608 13,978 A. The slope indicates that every $1 increase in Price decreases the Age of cars of this model by year(s), on averag 11,979 9,999 O B. The slope indicates that every 1-year increase in Age decreases the Price of cars of this model by $ , on average. 11,568 O C. The slope indicates that every 1-year increase in Age increases the Price of cars of this model by $ 10,829 on average. 10,899 O D. The slope indicates that every $1 increase in Price increases the Age of cars of this model by year(s), on average 9,998 c) Explain the meaning of the y-intercept of the line. Select the correct choice below and fill in the answer box to complete yo (Round to the nearest integer as needed.) O A. The y-intercept means that a car of this model that costs $0 is year(s) old, on average. Print Don O B. The y-intercept indicates that every $1 increase in Price decreases the Age of cars of this model by year(s), on a O C. The y-intercept means that a new car of this model costs $ , on average. O D. The y-intercept indicates that every 1-year increase in Age decreases the Price of cars of this model by $ , on average
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