Car Age (years) Selling Price (5000) 1 13 12.9 2 9 11.7 3 13 4.4 4 15 3.7 5 11 7.3 6 9 14.2 7 12 9.3 8 13 9.8 9 13 9.8 10 15 3.4 11 7 10.8 12 7 9.8 pictureClick here for the Excel Data File a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) a= b = b. Estimate the selling price of an 8-year-old car (in $000). (Round your answer to 3 decimal places.) Selling price c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.) For each additional year, the car decreases in value.
Car Age (years) Selling Price (5000) 1 13 12.9 2 9 11.7 3 13 4.4 4 15 3.7 5 11 7.3 6 9 14.2 7 12 9.3 8 13 9.8 9 13 9.8 10 15 3.4 11 7 10.8 12 7 9.8 pictureClick here for the Excel Data File a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) a= b = b. Estimate the selling price of an 8-year-old car (in $000). (Round your answer to 3 decimal places.) Selling price c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.) For each additional year, the car decreases in value.
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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Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Transcribed Image Text:Car
Age
(years)
Selling Price
(5000)
1
13
12.9
2
9
11.7
3
13
4.4
4
15
3.7
5
11
7.3
6
9
14.2
7
12
9.3
8
13
9.8
9
13
9.8
10
15
3.4
11
7
10.8
12
7
9.8
pictureClick here for the Excel Data File
a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal
places.)
a=
b =
b. Estimate the selling price of an 8-year-old car (in $000). (Round your answer to 3 decimal places.)
Selling price
c. Interpret the regression equation (in dollars). (Round your answer to the nearest dollar amount.)
For each additional year, the car decreases
in value.
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