Question
N auto manufacturing company wanted to Investigate how the price of one of its car models...
n auto manufacturing company wanted to Investigate how the price of one of its car models deprecates with age. The research department at the company took a sample of eight cars of this m ected the following information on the ages (in years) and prices (in hundreds of dollars) of these cars Age 8 7 6 4 8 5 8 8 Price 37 36 41 69 34 63 21 32 Find the least squares regression ine equation in the form a+bx. Use "Age" as the independent variable and "Price" as the dependent variable. Round your answers to four decimal places. Predict the price of a 8 year-old car of this model. Round your answer to one decimal place ypred = the absolute tolerance is +/-0.1
Answers
Soluon- 8 3T 296 36 49 6 36 24 6 4 69 276 53 3iS I68 à 5 6 8 a 333 (382) (S20s 32S4 8 (3S2) - (su tu832 [40 ( x 20s1) s333) 8 (382) - s4) 1334 . S 2 861ος,9429-7632&S = mo def is 29.7
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