Use the Following Data Were Collected on the Mileage (In Thousands of Miles)

Essay

Use the following
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial 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 = 13.8 - 0.0912 Mileage


-Use the scatterplot to determine whether we should have any strong concerns about the conditions being met for using a linear model with these data. Explain briefly.