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Question 53

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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 -Use the computer output to provide and interpret a 95% interval for the mean price of all 3 year old used Hyundai Elantras.
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 -Use the computer output to provide and interpret a 95% interval for the mean price of all 3 year old used Hyundai Elantras.
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 -Use the computer output to provide and interpret a 95% interval for the mean price of all 3 year old used Hyundai Elantras.
-Use the computer output to provide and interpret a 95% interval for the mean price of all 3 year old used Hyundai Elantras.

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CI = (9.520, 10.787)

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