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Use the following
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 following 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 S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4% Predicted Values for New Observations -What is the R<sup>2</sup> for this model? Interpret it in context.
S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4%
Predicted Values for New Observations
Use the following 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 S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4% Predicted Values for New Observations -What is the R<sup>2</sup> for this model? Interpret it in context.
Use the following 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 S = 1.37179 R-Sq = 88.9% R-Sq(adj) = 88.4% Predicted Values for New Observations -What is the R<sup>2</sup> for this model? Interpret it in context.
-What is the R2 for this model? Interpret it in context.

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R2 = 0.889 (or 88.9%)
The age o...

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