Instruction. Please use excel to answer the following problems. Present your solution and your answers in MS Word. (Copy the result of the excel in MS Word) 1. You have to examine the relationship between the age and price for used instrument sold in the last year by a company. Here is the table of the data: Used Instrument (in Price Year) 4 315 4 290 5 285 225 7 225 7 210 8 205 9 155 10 105 4 300 3 309 a. Determine the degree of relationship between in instument's age and the price. b. Identify the equation of linear regression. c. How much will a used instrument worth after 6 years? 12 years? 15 years?
Instruction. Please use excel to answer the following problems. Present your solution and your answers in MS Word. (Copy the result of the excel in MS Word) 1. You have to examine the relationship between the age and price for used instrument sold in the last year by a company. Here is the table of the data: Used Instrument (in Price Year) 4 315 4 290 5 285 225 7 225 7 210 8 205 9 155 10 105 4 300 3 309 a. Determine the degree of relationship between in instument's age and the price. b. Identify the equation of linear regression. c. How much will a used instrument worth after 6 years? 12 years? 15 years?
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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Can you please indicate the step by step on excel please.
Transcribed Image Text:Instruction. Please use excel to answer the following problems. Present
your solution and your answers in MS Word. (Copy the result of the
excel in MS Word)
1. You have to examine the relationship between the age and price for
used instrument sold in the last year by a company.
Here is the table of the data:
Used Instrument (in
Price
Year)
315
4
290
285
5
225
7
225
7
210
205
155
8
10
105
4
300
3
309
a. Determine the degree of relationship between in instument's age and the
price.
b. Identify the equation of linear regression.
c. How much will a used instrument worth after 6 years? 12 years? 15
years?
d. Explain the predicting capability of the equation.
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