Multiple Choice
Use the following to answer the questions below:
Data were collected on the age (in years) and price (in thousands of dollars) of a random sample of 25 used Hyundai Elantras. A scatterplot of the data (with regression line) and computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
The regression equation is Price = 15.3 - 1.71 Age
-Use the equation of the least squares line to predict the price of a used Hyundai Elantra that is 6 years old.
A) $5,040
B) $13,540
C) $6,750
D) $7,750
Correct Answer:

Verified
Correct Answer:
Verified
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