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Following are age and price data for 8 ran denotes age, in years, and y denotes price X y 6 280 1 420 6 275 2 360 2

Following are age and price data for 8 ran denotes age, in years, and y denotes price X y 6 280 1 420 6 275 2 360 2

MATLAB: An Introduction with Applications
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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Following are age and price data for 8 randomly selected ambulances between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds of pounds. Use the information to complete parts (a) to (f). O A. X Price y (Note: Please enter the answer in the form of b₁x + bo where b₁ and bo are numbers.) (a) Find the regression equation for the data points. y= 25x+420.63 (Round to two decimal places as needed.) (b) Graph the regression equation and the data points. 500- 6 1 6 2 6 2 4 5 280 420 275 360 265 350 325 290 0+ Age O Q Price B. 500- 0 Age 17 OC. Price 500- O Age J OD. Price 500- 0 Age O O
Transcribed Image Text:Following are age and price data for 8 randomly selected ambulances between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds of pounds. Use the information to complete parts (a) to (f). O A. X Price y (Note: Please enter the answer in the form of b₁x + bo where b₁ and bo are numbers.) (a) Find the regression equation for the data points. y= 25x+420.63 (Round to two decimal places as needed.) (b) Graph the regression equation and the data points. 500- 6 1 6 2 6 2 4 5 280 420 275 360 265 350 325 290 0+ Age O Q Price B. 500- 0 Age 17 OC. Price 500- O Age J OD. Price 500- 0 Age O O
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