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Statictic Chapter 13 regression equation?

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  • Statictic Chapter 13 regression equation?


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Answer #1 | 23/12 2013 09:58
Hor Yan Using Excel's regression ... Y = Selling price (000's) X = age Y = 14.90865615 -0.450932568(X) (b)Estimate the selling price of a 11-year-old car (in $000). (Round your answer to 3 decimal places.) Selling price: Y(11) = 14.90865615 -0.450932568(11) = $9.948 (c)Interpret the regression equation (in dollars). (Round your answer to nearest dollar amount.) $9,948 after converting from (000's) For each additional year, the car decreases $ ???? ???? in value. Yes each additional year will decrease by $0.450932568 or $451 after converting from (000's) Hope that helped
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