Short Answer
Use the following to answer the questions below:
Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output from two models are provided.
Single Predictor Model:
The regression equation is Price = 13.8 - 0.0912 Mileage
-One of the cars in the sample was a 5-year-old Hyundai Elantra with 87,100 miles being sold for $6,000. What is the predicted price of this car using the single predictor model? Round to three decimal places.
Correct Answer:

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= 13.8 - 0.0912(87.1) = 5....View Answer
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