Essay
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
-What is the for this model? Interpret it in context.
Correct Answer:

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= 0.889 (or 88.9%)
The age of...View Answer
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The age of...
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