A statistics student is studying if there is arelationship between the price of a used car and thenumber of miles it has been driven. She collectsdata for 20 cars of the same model with differentmileage, and determines each car's price using aused car website. The analysis is given in thecomputer output.PredictorCoef SE Coef t-ratioConstant 24157.2 2164.12.965 0.046Mileage-0.1810.0245.377 0.000S = 3860.7 R-Sq = 68.0% R-Sq(Adj) = 67.5%Using the computer output, what is the equation ofthe least-squares regression line?O ŷ = -0.181 + 24157.2xO ŷ = 24157.2 - 0.181xO ý = 2164.1+ 0.024xO ý = 0.024 + 2164.1x

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Answered: A statistics student is studying if…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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