see attachment **Educational Analysis of Jeep Cherokee Pricing Data****Objective:**Explore the relationship between the list price and dealer invoice of Jeep Cherokee vehicles using linear regression. **Data Source:**The data are based on information from *Consumer Guide* (Vol. 608, no. 6).**Variables:**- **X:** List price in thousands of dollars.- **Y:** Dealer invoice in thousands of dollars.**Data Table:**\[\begin{array}{|c|c|c|c|c|c|c|c|}\hlineX & 15.3 & 16.4 & 19.5 & 21.9 & 18.8 & 23.4 \\\hlineY & 14.9 & 15.8 & 17.0 & 18.1 & 17.1 & 19.8 \\\hline\end{array}\]**Instructions:**1. **Calculate the Linear Regression Equation** - Round coefficient \( a \) to the tenth place. - Round coefficient \( b \) to the ten-thousandth place.2. **Determine the correlation coefficient** - Round to the ten-thousandth place.3. **Calculate the Coefficient of Determination** - Round to the tenth percent.**Results:**- **Equation:** [To be filled]- **Correlation Coefficient:** [To be filled]- **Coefficient of Determination:** [To be filled]This exercise aims to give students practical experience with statistical analysis using regression equations to predict values and interpret real-world data.

Name: see attachment **Educational Analysis of Jeep Cherokee Pricing Data***
Uploaded: 2024-03-20T06:46:14.000Z
Channel: Bartleby
Description: see attachment **Educational Analysis of Jeep Cherokee Pricing Data****Objective:**Explore the relationship between the list price and dealer invoice of Jeep Cherokee vehicles using linear regression. **Data Source:**The data are based on information