## Question

###### Instudying the value of secondhand laptops, regression produces the precliction formula of y = 395.174 9.4682 where! is the predicted laptop price, and xis the laptop age in months. Which of the following correctly interprets the slope and the intercept estimate? Ex- plain and show your work:(A) 395.174 is the preclicted price of a laptop that is brand new_ B) 395.174 is the predlicted laptop age in months when its price is 0. For every OHIC month increase in laptop $ age, its predicted price in

Instudying the value of secondhand laptops, regression produces the precliction formula of y = 395.174 9.4682 where ! is the predicted laptop price, and xis the laptop age in months. Which of the following correctly interprets the slope and the intercept estimate? Ex- plain and show your work: (A) 395.174 is the preclicted price of a laptop that is brand new_ B) 395.174 is the predlicted laptop age in months when its price is 0. For every OHIC month increase in laptop $ age, its predicted price increases by 9.468 . (D) For every OHC MOH MCTOASC M A laptop' $ age; its predlicted pice decreases by 9.468 , E) For every one month inerease in a laptop $ age; its preclicted price decreases by 9.468 .

## Answers

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