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…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 4GP

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