a.) Provide the least squares regression equation, ŷ=a+bx. b.) Use your least squares regression equation to predict, in dollars, the resale value of a six year old vehicle of this model. c.) Provide the coefficient of determination value and in a sentence interpret the value.

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a.) Provide the least squares regression equation, ŷ=a+bx. b.) Use your least squares regression equation to predict, in dollars, the resale value of a six year old vehicle of this model. c.) Provide the coefficient of determination value and in a sentence interpret the value.
The following table gives the ages (in
years) and resale value (in thousands
of dollars) for eight cars of a specific
model.
table:
Age: 9,4,7,10,3,6,7,4
Resale value: 9,14,11,5,23,13,14,19
Transcribed Image Text:The following table gives the ages (in years) and resale value (in thousands of dollars) for eight cars of a specific model. table: Age: 9,4,7,10,3,6,7,4 Resale value: 9,14,11,5,23,13,14,19
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