The following scatter plot displays data for Mileage (x) and Price ((y). Answer the questions below based on the information provided on the graph. y = -0.1264x + 15624 r= -0.8884 Price vs. Mileage $18,000 $16,000 y=0.1264x+ 15624 R 0.7892 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 10000 20000 30000 40000 s0000 60000 70000 80000 90000 100000 a. Using the regression equation, tell what price you would expect for a car with mileage 55,555 b. Using the regression equation, tell what mileage you would expect for a car worth $13,100. c. Interpret the meaning of r’ in the context of this problem. d. Explain what r tells you about the relationship between price and mileage.

The following scatter plot displays data for Mileage (x) and Price ((y). Answer the questions below based on the information provided on the graph. y = -0.1264x + 15624 r= -0.8884 Price vs. Mileage $18,000 $16,000 y=0.1264x+ 15624 R 0.7892 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 10000 20000 30000 40000 s0000 60000 70000 80000 90000 100000 a. Using the regression equation, tell what price you would expect for a car with mileage 55,555 b. Using the regression equation, tell what mileage you would expect for a car worth $13,100. c. Interpret the meaning of r’ in the context of this problem. d. Explain what r tells you about the relationship between price and mileage.

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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