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The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. DATA file The estimated regression equation is Selling price = 20385.25049 – 0.03739 Mileage – 686.33668 Age Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of 40,000 miles. b. Develop a 95% confidence interval for the selling price of a car with the data in part (a). c. Develop a 95% prediction interval for the selling price of a car with the data in part (a).

The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. DATA file The estimated regression equation is Selling price = 20385.25049 – 0.03739 Mileage – 686.33668 Age Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of 40,000 miles. b. Develop a 95% confidence interval for the selling price of a car with the data in part (a). c. Develop a 95% prediction interval for the selling price of a car with the data in part (a).

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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please assist with this NON GRADED problem, data information below.

 

Price Mileage Age
16998 35000 3
17599 16000 3
15998 42000 3
15998 61000 4
11599 102000 7
13998 109000 4
14998 60000 5
11599 88000 9
12599 58000 8
14998 27000 6
15998 32000 4
11599 95000 8
10499 123000 8
14599 54000 5
10599 68000 11
16998 40000 4
20998 7000 1
11599 81000 9
12599 70000 6
13599 86000 5
11599 92000 7
9599 120000 10
18998 20000 2
12599 63000 7
12599 70000 6
10998 88000 10
11998 86000 6
12998 60000 6
17599 45000 2
9998 96000 11
9998 60000 11
16998 36000 2
17599 45000 2

 

Hint(s) Check My The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. DATA file The estimated regression equation is Selling price = 20385.25049 – 0.03739 Mileage – 686.33668 Age Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of 40,000 miles. $ b. Develop a 95% confidence interval for the selling price of a car with the data in part (a). c. Develop a 95% prediction interval for the selling price of a car with the data in part (a).
Transcribed Image Text:Hint(s) Check My The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. DATA file The estimated regression equation is Selling price = 20385.25049 – 0.03739 Mileage – 686.33668 Age Round your answers to the nearest dollar. a. Estimate the selling price of a four-year-old Honda Accord with mileage of 40,000 miles. $ b. Develop a 95% confidence interval for the selling price of a car with the data in part (a). c. Develop a 95% prediction interval for the selling price of a car with the data in part (a).
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The given estimated regression equation is,

Selling Price = 20385.25049 – 0.03739 Mileage – 686.33668 Age.

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