Emily Smith decides to buy a fuel-efficient used car. Here are several vehicles sheis considering, with the estimated cost to purchase and the age of the vehicle. 48. FILE Emily Smith decides to buy a fuel-efficient used car. Here are several vehicles sheis considering, with the estimated cost to purchase and the age of the vehicle.VehlcleEstimated CostAgeHonda InsightToyota Prlus$5,555$17,8888.3Toyota Prius$9,963Toyota Echo$6,793Honda CMIC Hybrid$10,7745$16,310$2,475Honda CiviC HybridChevrolet CruzMazda3$2,80810Toyota Corolla$7,073Acura Integra$8,9788Sclon xB$11,2132$9,463$15,055Sclon xAMazda32Mini Cooper$20,7052a. Plot these data on a scatter diagram with estimated cost as the dependent variable.b. Find the correlation coefficient.c. A regression analysis was performed and the resulting regression equation is Esti-mated Cost = 18358 – 1534 Age. Interpret the meaning of the slope.d. Estimate the cost of a five-year-old car.e. Here is a portion of the regression software output. What does it tell you?PredictorCoefSE CoefPConstant18358181710.100.000Age-1533.6306.3-5.010.000f. Using the .10 significance level, test the significance of the slope. Interpret the result.Is there a significant relationship between the two variables?

Name: Emily Smith decides to buy a fuel-efficient used car. Here are several
Uploaded: 2024-03-20T07:06:27.000Z
Channel: Bartleby
Description: Emily Smith decides to buy a fuel-efficient used car. Here are several vehicles sheis considering, with the estimated cost to purchase and the age of the vehicle. 48. FILE Emily Smith decides to buy a fuel-efficient used car. Here are several vehicle